EURJPY Forecast Update – 4th December 2024

by Jennifer

The EURJPY pair recently touched the 156.18 level, forming solid support and marking the start of a correctional bullish rally towards 157.72. Stochastic indicators are now providing positive momentum, reinforcing the bullish outlook. As a result, the price is expected to move towards key resistance levels at 158.00 and 158.90.

The expected trading range for today is between 156.80 and 158.00.

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Trend Forecast: Bullish

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