EUR/JPY Price Analysis: Implications for Traders Amid Bearish Trend and SMA Support

Wednesday, 27 March 2024, 19:52
The EUR/JPY currency pair is currently experiencing a bearish trajectory, with a slight decline in trading price observed at 163.75. Traders should closely monitor the 20-day Simple Moving Average (SMA) for potential bullish defense to counter the prevailing downward pressure. Maintaining support at the 20-day SMA is crucial for bulls to prevent further downside risks.
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EUR/JPY Price Analysis: Implications for Traders Amid Bearish Trend and SMA Support

EUR/JPY Price Analysis

In Wednesday's session, EUR/JPY is trading with mild losses at 163.75.

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.

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