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The EURJPY needs new momentum – Forecast today – 31-5-2024
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The EURJPY needs new momentum – Forecast today – 31-5-2024
May 31, 2024 1:50 AM

EURJPY Price Analysis Expected Scenario The EURJPY pair ended the correctional bearish attack by touching 169.05 level followed by bouncing quickly to test 170.10 barrier, facing the MA55. Resuming the correctional decline needs new negative momentum to manage to hold below 170.10 level, expecting to target 169.20 level followed by reaching the next target at 168.65, while surpassing the barrier and holding above it will cancel the correctional decline for the current trades and expect covering some losses by rallying towards 170.75 before reaching any new negative level. Expected Trading Range Between 170.10 support and 168.70 resistance.

Trend Forecast: Bearish

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