EUR/JPY Intraday Bias Shifts to Neutral Amid Recovery
Tuesday, 16 July 2024, 06:39
EUR/JPY Daily Outlook
The intraday bias for EUR/JPY has shifted to neutral as a current recovery is underway. There is a chance of a corrective fall from 175.41 extending lower, with an expectation of downside containment around 170.87, paving the way for a rebound.
Key Points:
- Resistance Level: 173.42 could indicate an upside bias.
- Support Level: Firm break of 170.87 may imply a larger correction.
- Targets: Correction could target 167.52 and potentially lower.
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.