The EURJPY keeps the bullish bias – Forecast today – 8-5-2024
Economies.com
2024-05-08 05:21AM UTC
Expected Scenarios
- EURJPY pair remains stable within bullish channel
- Continuous support from MA55 near 165.70
- Approaching first additional target at 166.90
- Stochastic crawling towards overbought areas, increasing positive pressures
- Expectation of surpassing 166.90 level to reach next target at 167.30
Trading Range
The expected trading range for today is between 166.10 and 167.30.
Trend Forecast
Bullish
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