The EURJPY pair began trading sideways with limited movement, as negative signals from the main indicators conflict with the bearish momentum, while the price continues to hold above support at 174.90, resulting in repeated fluctuations around 176.00.
Continued negative pressure, along with repeated stability below the additional resistance level at 177.80, could increase the chances of renewed bearish attempts. The pair is expected to retest current support, with a break below this level opening the door to further declines toward 174.55 and 173.95.
The expected trading range for today is between 175.00 and176.55
Trend forecast: Fluctuating
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The pair’s bearish trend remains unchanged despite forming some bullish corrective moves. Overall stability below the key resistance level at 212.00 supports the bearish outlook for upcoming trading.
MorePlatinum ended its recent bearish wave after encountering a historic support level near $1505.00, which has proven to be a strong barrier against further declines, forcing the price to enter sideways trading around $1525.00.
MoreCopper provided positive attempts, benefiting from trading above the 55-period moving average since yesterday. However, this does not confirm a recovery of the bullish trend unless the resistance level near $6.6100 is breached and the price stabilizes above it.
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