The EURJPY jumps above the barrier – Forecast today – 10-5-2024
Economies.com
2024-05-10 07:08AM UTC
EURJPY Pair Analysis
1. Expected Scenario
- EURJPY pair experiences temporary correctional bearish rebound.
- Stability maintained above 166.50 level.
- New bullish rally surpasses 167.30 barrier, reaching 167.70.
- First additional target at 167.70 recorded as mentioned in previous report.
- Dependence on 167.05 level for additional support.
- Importance of acquiring additional positive momentum to fuel new bullish waves.
- Targets at 168.25 and near 168.62 in focus.
2. Expected Trading Range
- Anticipated trading range today: Between 167.20 support and 168.25 resistance.
Trend Forecast: Bullish
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