The EURJPY pair indicated a delay in its bullish momentum as it slipped below the additional support level at 171.60, resulting in some losses that saw the pair decline towards 170.00 before recovering slightly to reach 170.90.
It’s crucial to note that maintaining within the main bullish channel, with its support line around 169.45, keeps the bullish scenario intact. Achieving a breakthrough above the 170.60 level in the near term is pivotal to facilitating a push towards positive targets near 172.10 and potentially 172.90.
Today’s projected trading range spans from 170.00 to 171.60.
Trend Forecast: Bullish
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