The EURJPY achieves some gains – Forecast today – 16-4-2024
Economies.com
2024-04-16 05:47AM UTC
EURJPY Price Analysis
Expected Scenario
- The EURJPY pair rallied upwards yesterday to achieve some gains by touching 164.42 level.
- Followed by forming temporary negative rebound and test the MA55 at 163.70.
- Intraday negativity caused by stochastic sharp decline towards 20 level.
- Wait to gather the positive momentum to manage to activate the bullish attack and start targeting the positive stations by rallying above 164.25.
- 164.80 will form the next main station for the bullish bias.
Expected Trading Range
Between 163.60 and 164.25.
Trend Forecast: Bullish
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