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EURJPY Faces Additional Negative Momentum – Forecast for Today (19-2-2025)

The EURJPY pair has maintained its consolidation around the 158.60 level since yesterday, with stochastic indicators signaling further negative momentum. This increases the likelihood...
HomeLatestEURJPY Attacks the Resistance – Forecast for Today, July 4, 2024

EURJPY Attacks the Resistance – Forecast for Today, July 4, 2024

EURJPY Price Analysis

Expected Scenario

The EURJPY pair has recently shown positive momentum, approaching the resistance of the bullish channel at 174.50 before starting to fluctuate below this level. This indicates a potential activation of a corrective bearish phase, with initial targets around 173.65 and 172.80.

A successful breach above the resistance and maintaining a position above it would signal a move towards new positive levels, potentially targeting historical highs starting at 174.70 and extending to 175.20.

Expected Trading Range

Between 174.50 and 173.65.

Trend Forecast: Bearish

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