The EURJPY tests the major support – Forecast today – 2-5-2024
Economies.com
2024-05-02 08:09AM UTC
Expected Scenarios
- The EURJPY pair activated the profit gaining process yesterday by forming strong correctional decline and test the main bullish channel’s support line at 164.00 follower by turning back to form bullish trades quickly to settle near 166.40.
- We expect to form additional support by the MA55 at 165.80 to provide the chances to activate the bullish track again, also, stochastic attempt to provide the positive momentum allows us to suggest targeting 167.70 level soon, followed by reaching the next target at 168.85.
Trading Range
Expected trading range for today is between 166.10 and 167.70
Trend Forecast
Bullish
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