EUR/JPY Currency Pair Analysis and Short-Term Forecast
Friday, 12 July 2024, 07:20
EUR/JPY Daily Outlook
The EUR/JPY currency pair recovered after declining sharply to 171.50.
Key Points:
- Support: Strong support expected at 170.87 resistance turned support level.
- Rebound: Possibility of a rebound in the near term.
- Consolidation Range: Below 175.41 short-term peak.
- Correction Phase: Break below 170.87 could indicate a larger correction underway.
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.