The EURJPY activates the correctional decline – Forecast today – 2-4-2024

Analysis of EURJPY Pair Movement

• The EURJPY pair reacted to the negative factors represented by the frequent stability below 163.50 barrier in addition to stochastic negative momentum signals, to notice crawling below the MA55 and touching the first negative target at 162.65.

• The price has no escape from resuming the negative attack, to surrender to the mentioned negative pressures and expect targeting new negative stations that might start at 162.15 followed by reaching the next main target at 161.55.

Expected Trading Range for Today

1. The expected trading range for today is between 163.20 and 162.15

Trend forecast: Bearish