Category: Forex News, News
The CHFJPY eases the way for a new rise– Forecast today – 28-4-2025
The EURJPY pair provided positive signal on Friday by forming a strong bullish rally, achieving 163.75, which forces it to fluctuate below 163.25 level, due to the contradiction between the main indicators by stochastic exit from the overbought level.
The price might be forced to provide more of the mixed trading, but its success in taking advantage of forming extra support at 162.40 might assist renewing the bullish attempts, to wait for confirming breaching 163.25 to increase the chances for recording new gains by its rally towards 164.20 reaching the next target near 164.90.
The expected trading range for today is between 162.50 and 164.25
Trend forecast: Bullish by confirming the breach
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Written by : Editorial team of BIPNs
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