The EURJPY needs new momentum – Forecast today – 3-4-2024
Economies.com
2024-04-03 06:15AM UTC
Expected Scenarios:
- The EURJPY pair lost negative momentum yesterday.
- Stochastic rally towards overbought areas forced a postponement of the negative attack.
- Positive rebound formed towards 163.35 as seen on the chart.
- Main stability below 164.30 resistance and continuous additional barrier at 163.72 suggest waiting to gather negative momentum again.
- Renewal of previously suggested negative attack expected.
- Initial targets located near 162.65 and 162.15 levels.
Expected Trading Range:
- The expected trading range for today is between 163.60 and 162.65.
Trend forecast: Bearish
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