The EURJPY tends towards the negativity – Forecast today – 12-4-2024
Economies.com
2024-04-12 07:23AM UTC
EURJPY Pair Analysis
Expected Scenario
- The EURJPY pair has started the day with a strong negative wave, testing the sideways range’s support line at 163.75.
- Stochastic crawling towards the 20 level increases the likelihood of gathering negative momentum.
- A successful break below the support could initiate a negative attack, targeting levels such as 163.30 and 162.40.
Expected Trading Range
Between 164.00 resistance and 163.30 support.
Trend Forecast: Bearish
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