EUR/JPY Daily Forecast: Key Levels and Outlook
Tuesday, 9 July 2024, 07:42
EUR/JPY Daily Forecast
The intraday bias in EUR/JPY is currently neutral, with a pivotal resistance level at 174.50. A sustained break above this level could trigger a substantial uptrend, targeting the key level of 177.00.
Key Points:
- Neutral Bias: Intraday outlook shows a neutral bias.
- Resistance Level: Firm break of 174.50 could lead to a larger uptrend.
- Target Projection: Aiming for 177.00 projection level.
- Downside Risk: Break below 173.07 might indicate a deeper pullback.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.