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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