The EURJPY achieves big gains – Forecast today – 25-4-2024

EURJPY Pair Analysis

The EURJPY pair succeeded to resume the bullish attack since this morning by surpassing the additional target at 166.45, to notice its fluctuation near key resistance line at 166.75, while the positivity is caused by stochastic reach to the overbought areas, which increases the chances of surpassing the current resistance and manage to resume the bullish attack to target additional stations that might start at 167.10 and 167.52.

• On the other hand, surpassing the current resistance will force it to form mixed sideways trades, with chances to form some correctional bearish waves that might target 165.35 before reaching any new positive station.

The expected trading range for today is between 166.00 and 167.10.

Trend forecast: Bullish