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HomeLatestEURJPY Resumes Rise - June 28, 2024
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EURJPY Resumes Rise – June 28, 2024

EURJPY Pair Analysis

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The EURJPY pair has successfully broken out of its previous sideways trading range by surpassing the barrier at 171.60 and achieving new positive gains, reaching 172.40. This move confirms its readiness to resume the bullish momentum.

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Expected Scenario

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The bullish outlook hinges on the 170.70 level serving as a significant support under current trading conditions. It is essential for the pair to gather additional positive momentum to sustain attempts towards higher levels. Potential targets include levels starting at 172.80 and extending to the resistance at 173.60.

Expected Trading Range

For today, the expected trading range for EURJPY is between the recent low at 171.70 and the potential resistance level at 172.80.

Trend Forecast: Bullish

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