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HomeLatestEURJPY Begins with Bullish Gap – Forecast for July 1, 2024
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EURJPY Begins with Bullish Gap – Forecast for July 1, 2024

EURJPY Price Analysis

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The EURJPY pair has successfully maintained levels above 171.60 recently, affirming its adherence to the previously suggested bullish bias. This morning, it opened with a notable bullish gap, surpassing the 172.80 level and settling near 173.25, as illustrated on the chart.

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With sustained positive momentum observed from major indicators, analysts anticipate this to bolster the ongoing bullish rally. The next anticipated target lies at 173.60, with further aspirations to breach towards the resistance line of the bullish channel around 174.00.

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Expected Trading Range

Market analysis indicates a trading range with support between 172.80 and resistance at 174.00 for the immediate trading sessions.

Trend Forecast: Bullish

The trend forecast remains bullish for the EURJPY pair in the near term.

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