The EURJPY seeks an escape – Forecast today – 18-4-2024
Economies.com
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis
Expected Scenario
- The EURJPY pair formed more bullish waves yesterday, pressing on the 164.80 obstacle.
- Stochastic reaching overbought areas confirms the importance of breaching the current obstacle.
Expected Outcome
The EURJPY pair formed more bullish waves yesterday, pressing on 164.80 obstacle that formed the first target mentioned in our previous report.
Stochastic reaching to the overbought areas confirms the importance of waiting to breach the current obstacle and ease the mission to achieve new gains that might extend towards 165.30 and 165.65.
Expected Trading Range
Between 164.50 and 165.30.
Trend Forecast: Bullish
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