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HomeLatestEURJPY Lacks Positive Momentum - Forecast for August 21, 2024

EURJPY Lacks Positive Momentum – Forecast for August 21, 2024

The EURJPY pair continues to trade sideways, fluctuating between the 163.90 resistance and 161.60 support levels, indicating a delay in the anticipated bullish movement.

Stochastic indicators are showing persistent negative momentum, which could increase downward pressure. A break below the current support at 161.60 could initiate a decline, targeting the 160.35 and 159.20 levels.

Today’s expected trading range is between 162.30 and 160.35.

Trend Forecast: Bearish

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