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EURJPY Forecast Update – 9-7-2024

EURJPY Price Analysis

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Expected Scenario

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The EURJPY pair is currently showing positive trades, signaling a potential resumption of the main bullish trend. It aims to achieve intraday gains that could surpass 174.70, targeting levels around 175.20 and potentially reaching 176.00.

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The bullish bias is suggested for today, although some sideways fluctuations may occur, influenced by stochastic indicators showing negativity. It’s important to note that breaking below 172.90 would halt the expected rise and could initiate a bearish correction on an intraday basis.

Expected Trading Range

  • Support: 173.70
  • Resistance: 175.20

Trend Forecast: Bullish

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