Category: Forex News, News
The EURJPY approaches from the initial support– Forecast today – 15-5-2025
The EURJPY pair is affected by the negative pressures, due to its repeated stability below the resistance at 164.90, forming several bearish waves, approaching from the initial support at 163.35 level.
The suggested scenario depends on the stability of the current support, to expect activating the bullish track, which might target 164.20 and 164.90 level gradually, while breaking the support and holding below it will increase the chances for resuming the decline, and 162.40 level represents the next target of the bearish track.
The expected trading range for today is between 163.30 and 164.90
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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