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Price Action: Forex Analysis EURJPY
The Forex Analysis EURJPY across these four distinct time frames is meticulously generated by our Dedicated AI System, a proprietary creation of the Frustrader Team. Any unauthorized copying, sharing, or posting of this content is strictly prohibited, unless explicit permission has been granted and proper attribution to the source is provided for the end-user.
Intraday
Daily
Weekly
Monthly
Forex Technical Levels
Intraday Session: Middle
This currency pair is expected to have a Bearish bias today. Traders can consider a Short position once the price confirms below the '160.42'. In that case, the first target price 159.85 may be reached, as well as the second target price 159.48. Subsequently, the price may extend further and finally reach 158.91 by the end of today's market session.
On the other hand, if the price breaks above '160.42', it may indicate a shift in momentum, leading to a potential Long position. In such a scenario, the price could rise towards the first resistance level 160.79 and even test 161.36. Lastly, a stronger increase towards 161.73 is also possible by the end of today's trading session.
#Intraday #EURJPY #Forex Technical Levels
Note: This part is being updated using Frustrader AI Integration. EURJPY has no update for this session
Forex Technical Analysis
Day Session: Late US
Anticipations indicate a Bearish bias for this currency pair today. Traders looking to benefit from this downward momentum may consider Short positions if the price falls below the '161.63'. Once this level is breached, the first target 160.91 becomes attainable, followed by the second target 160.45. Furthermore, it is even possible for the price to decline towards 159.73 before the end of today's market session.
Nonetheless, a breakthrough above the '161.63' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 162.09 and perhaps test 162.81. A more substantial increase towards 163.27 is also possible before the market closes today.
#Daily #EURJPY #Forex Technical Analysis
Note: This part is being updated using Frustrader AI Integration. EURJPY has no update for this session
Forex Technical Outlook
Week Session: Thursday
The prevailing market sentiment indicates a Bullish bias for this instrument today. Traders who expect upward movement may consider Long positions right after the price jumps above the '159.08'. This breakthrough could lead to the attainment of the first target level 162.57, coupled with the second target level 164.76. Further push might even lead the price towards 168.24 before the day gets over.
Oppositely, breaking lower the price '159.08' could indicate a potential reversal, getting traders to consider Short positions. In this format, not only may the price fly towards the first support level 156.89 , but it may also see 153.40. A more substantial decline towards 151.21 is also on the way to get the session over.
#Weekly #EURJPY #Forex Technical Outlook
Note: This part is being updated using Frustrader AI Integration. EURJPY has no update for this session
Forex Technical Review
Month Session: 3rd Week
The market sentiment for this currency pair suggests a Bullish outlook today. Traders may consider taking Long positions sooner the price surpasses the '157.39'. This confirmation could lead to the achievement of the first target 159.99 before following the second target price 163.78. Further upside potential exists, with the price possibly aiming for 166.38 before the end of today's market session.
Nonetheless, if the price breaks below the '157.39', it may indicate a potential shift in momentum, leading to a Short position. Traders should remain cautious as the price could decline towards the first support level 153.60 and potentially test 151.00. A sharper decline towards 147.21 is also possible before the end of today's trading session.
#Monthly #EURJPY #Forex Technical Review
