Category: Forex News, News
The EURJPY presses on the resistance – Forecast today – 25-4-2025
The EURJPY pair was affected by some of the positive pressures, due to the continuation of forming extra support at 161.60, and stochastic rally towards the 80 level, to notice reaching the resistance at 162.90.
We couldn’t confirm regaining the bullish bias unless surpassing the resistance and providing positive closes above 163.25 level, therefore, we will keep preferring the negative attempts in the current period, which might target the support at 161.60, while achieving the conditions of regaining the bullish bias will ease the mission of recording several gains that might begin at 164.20 and 164.90.
The expected trading range for today is between 161.60 and 163.00
Trend forecast: Bearish
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Written by : Editorial team of BIPNs
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