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GBPJPY Breaks Resistance – Forecast for March 5, 2025

The GBPJPY currency pair experienced a strong bullish rally on Tuesday, breaking through the bearish channel's resistance at 190.55. This breakout led to significant...
HomeLatestEUR/JPY Extends Gains, Targets Higher Levels – March 6, 2025 Forecast

EUR/JPY Extends Gains, Targets Higher Levels – March 6, 2025 Forecast

The EUR/JPY pair maintained its bullish momentum, breaking above the 160.00 level on Wednesday and reinforcing the previously anticipated upward trend. The pair remained firmly positioned above the 55-day moving average (MA55), reaching a new high at 161.28.

The 160.00 level now serves as a key support zone, strengthening the bullish outlook. Further upside momentum is expected, with the next target at 161.65. A successful break above this level could pave the way for an extended rally toward the 162.65 resistance.

Key Levels to Watch:

  • Support: 160.00
  • Resistance: 161.65, 162.65

Trend Forecast: Bullish

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