EURJPY: Key Technical Analysis on the Crosses as Price Targets Shift
Wednesday, 21 August 2024, 23:49
EURJPY Technical Analysis Overview
In the EURJPY market, the technical analysis reflects an upward momentum. Traders should pay attention to key resistance and support levels.
Resistance Levels
- Major resistance is forming at 162.70.
Support Levels
- Initial downside target to watch is 161.17.
Strategic Implications for Traders
Understanding these levels is vital for making informed decisions regarding future trades on the EURJPY crosses. Focusing on price movements can offer key insights into market behavior.
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.