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The EURJPY settles above the support– Forecast today – 23-5-2025
The EURJPY pair ended the temporary negative trading by testing the moving average 55 at 161.80, then bouncing directly above the support at 162.00, announcing the continuation of the suggested bullish track.
The unionism of the main indicators by providing positive momentum, to expect renewing the bullish attempts, to target the barrier at 163.35 and surpassing it will open the way for recording several gains that might begin at 164.00 reaching the next barrier at 164.80.
The expected trading range for today is between 162.00 and 163.35
Trend forecast: Bullish
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