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The EURJPY needs new momentum – Forecast today – 23-5-2024
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The EURJPY needs new momentum – Forecast today – 23-5-2024
May 22, 2024 11:45 PM

EURJPY Pair Price Analysis Expected Scenario The EURJPY pair didnt record any waited additional positive target due to the lack of the positive momentum, to notice forming temporary sideways trades by settling near 169.65, while we will depend on the stability of the additional support 168.90 to motivate the bullish trades again, to expect gathering the additional positive momentum and reach the major stations at 170.00 and 170.85 direct. On the other hand, breaking the additional support and holding below it will activate the correctional bearish track, to expect suffering many losses by crawling towards 168.10 and 167.70 before touching any new positive target. Expected Trading Range Between 169.10 support and 170.00 resistance.

Trend Forecast: Bullish

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