The EURJPY pair has been trading in a narrow range, largely consolidating below the 164.75 resistance level. This barrier has been preventing the pair from resuming its previously anticipated bullish trend, resulting in continued sideways movement.
The chart indicates the formation of a minor bullish channel, with additional support seen at 163.30. If the pair manages to break through the 164.75 resistance, it could open the door for further upward movement, targeting potential levels at 165.25 and 165.90.
For today, the expected trading range for EURJPY is between 163.90 and 164.80.
Trend Forecast: Sideways
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