The EURJPY surpasses the resistance – Forecast today – 24-4-2024

EURJPY Price Analysis

Expected Scenario

• The EURJPY pair didn’t get enough of reaching the targeted resistance line mentioned in our previous report at 165.70, to notice its affect by the positive pressures caused by the major indicators that provide the positive momentum, to settle above this resistance and attempt to confirm the continuation of the positivity for the upcoming period.
• We assure the importance of providing new positive close above 165.70 to ease the mission of achieving additional gains that might extend towards 166.10 followed by reaching the next main target at 166.45.

Expected Trading Range

Between 165.55 support and 166.10 resistance.