Category: Forex News, News
Forecast update for USDJPY -09-05-2025
The EURJPY pair provided a positive signal by its rally above the barrier at 163.25, to record some gains by hitting the 163.90 level, to provide sideways trading to gather the positive momentum again.
We will depend on forming a new support base at 162.65 level, note that the attempt of surpassing 50 level will increase the chances for forming bullish waves, to expect reaching 164.20, to repeat the pressure on the resistance at 164.90.
The expected trading range for today is between 163.00 and 164.20
Trend forecast: Bullish
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Written by : Editorial team of BIPNs
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