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HomeLatestEURJPY Attacks the Resistance – Forecast for Today, July 4, 2024
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EURJPY Attacks the Resistance – Forecast for Today, July 4, 2024

EURJPY Price Analysis

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Expected Scenario

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The EURJPY pair has recently shown positive momentum, approaching the resistance of the bullish channel at 174.50 before starting to fluctuate below this level. This indicates a potential activation of a corrective bearish phase, with initial targets around 173.65 and 172.80.

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A successful breach above the resistance and maintaining a position above it would signal a move towards new positive levels, potentially targeting historical highs starting at 174.70 and extending to 175.20.

Expected Trading Range

Between 174.50 and 173.65.

Trend Forecast: Bearish

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