The EURJPY leans above the major support – Forecast today – 28-3-2024
Economies.com
2024-03-28 05:35AM UTC
EURJPY Pair Analysis and Forecast
Expected Scenarios
- Stability above the bullish channel’s support line at 163.65.
- Attempt to get rid of negative pressures to reinforce the chances of forming new bullish waves.
- Consolidation of the MA55 below the mentioned major support.
- Stochastic begins to provide positive momentum.
These factors confirm confining trades within the bullish track, increasing the chances of achieving gains by rallying towards 164.20 followed by reaching the first main target at 164.80.
Trading Range Forecast
The expected trading range for today is between 163.65 and 164.20.
Trend Forecast
Bullish
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