Today, July 17, 2024 – The EURJPY pair concluded yesterday’s session near the 172.90 level, which has acted as a significant barrier to the bullish rally. This resulted in a temporary negative rebound, settling around 172.45, influenced by stochastic fluctuations near the 20 level as depicted on the chart.
It’s important to note that the bullish scenario remains valid as long as the price holds above the 171.60 support level. Expectations lean towards renewed bullish attempts aiming to surpass the aforementioned barrier, potentially leading to further gains towards 173.45 and ultimately targeting the main objective at 174.30.
Today’s expected trading range spans between 172.10 and 173.45.
Trend Forecast: Bullish
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