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The EURJPY repeats the pressure on the resistance– Forecast today – 14-7-2025
AI Summary
- EURJPY pair leaning towards forming support at 170.45 level and pressing on resistance at 172.30
- Main indicators may slow chances of breaching resistance, leading to mixed trading with potential correctional waves targeting 171.40 level
- Expected trading range for the day is between 171.40 and 172.30, with a fluctuation within the bullish track trend forecasted
The EURJPY pair ended the bearish correctional trend quickly, leaning on forming extra support on 170.45 level, renewing the attempts of pressing on the resistance of the bullish channel at 172.30.
Note that the continuation of the contradiction between the main indicators might decelerate the chances for breaching the current resistance, which forces it to provide mixed trading, and there is a chance for forming correctional waves to target 171.40 level, reaching the mentioned extra support, while breaching the resistance and holding above it will open the way for achieving extra gains that might extend towards 172.85 and 173.45.
The expected trading range for today is between 171.40 and 172.30
Trend forecast: Fluctuated within the bullish track
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