The EURJPY declines below the support – Forecast today – 29-3-2024
Economies.com
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024
The EURJPY pair surrendered to the negative pressures caused by stochastic reach to the oversold areas yesterday, to notice forming new negative wave and settle below the bullish channel’s support line at 163.45 and suffering some losses by reaching 162.95.
Getting continuous negative closings below the broken support that forms new resistance at 163.55 and the continuous negative momentum coming by the major indicators allow us to expect the beginning of targeting new negative stations, to target 162.65 as a first station, followed by targeting the additional support at 162.15.
Expected Trading Range for Today:
- Between 163.40 and 162.65
Trend Forecast:
Bearish
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