EUR/JPY Outlook: Analysis of Recent Uptrend and Resistance Levels
Wednesday, 10 July 2024, 06:43
EUR/JPY Daily Forecast
Key Points:
- Upward Momentum: Intraday bias is towards the upside
- Resistance Level: Focus on the crucial 174.50 mark
- Projected Gain: Target at 177.00 with sustained trading above 174.50
- Downside Risk: Break of minor support at 173.50 could trigger a downward bias
The EUR/JPY outlook suggests a potential rise to 177.00 if the resistance level at 174.50 is exceeded, but a retreat could occur with a break below 173.50.
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.