The EURJPY prepares for new rise – Forecast today – 23-4-2024

EURJPY Pair Price Analysis

Expected Scenario

• No change to the EURJPY pair’s bullish track until this moment, as it provides frequent closings above the additional support 164.00, to notice providing new positive close near 165.00.
• Now, the major indicators provide the positive momentum to allow us to keep the bullish overview and expect surpassing 165.30 level soon, followed by pressing on 165.70 resistance line that forms the key to detect the next main trend.

Expected Trading Range

Between 164.60 and 165.70.