The EURJPY ends the negative trades – Forecast today – 15-4-2024

Scenarios and Trading Range

The EURJPY pair achieved the negative targets on last Friday by touching 162.20 level, to form new support and manage to cover the losses by forming strong bullish rebound and touch 163.85 level.

The price attempt to settle above the MA55 and getting positive momentum by stochastic confirm getting rid of the negative pressures, to start suggesting the bullish attempts for the upcoming period, which target 164.25 followed by 164.80 levels.

The expected trading range for today is between 163.40 and 164.25

Scenario Report

1. Achievement of negative targets by touching 162.20 level.
2. Formation of new support and strong bullish rebound.
3. Settling above MA55 and gaining positive momentum.
4. Bullish attempts targeting 164.25 and 164.80 levels.