To have Latest Update, Refresh this page if you are here longer than 15 minutes.
Forex Analysis EURJPY (Price Action)
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 '166.96'. In that case, the first target price 166.43 may be reached, as well as the second target price 165.79. Subsequently, the price may extend further and finally reach 165.26 by the end of today's market session.
On the other hand, if the price breaks above '166.96', 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 167.60 and even test 168.13. Lastly, a stronger increase towards 168.78 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
Daily Session : Early Europe
The market sentiment for this currency pair suggests a Bullish outlook today. Traders may consider taking Long positions sooner the price surpasses the '166.48'. This confirmation could lead to the achievement of the first target 168.14 before following the second target price 169.24. Further upside potential exists, with the price possibly aiming for 170.89 before the end of today's market session.
Nonetheless, if the price breaks below the '166.48', 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 165.38 and potentially test 163.72. A sharper decline towards 162.62 is also possible before the end of today's trading session.
#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
Weekly Session : Friday
The market sentiment for this currency pair appears to be Bearish today. Traders may consider initiating Short positions sooner the price falls below the '171.42'. The initial target level 169.93 could be initially attained, coupled with the second target level 168.49. Eventually, there is a chance for the price to advance further and reach 167.00 before the trading day concludes.
Contrarily, breaking above the price '171.42' could evidently signify a potential shift in sentiment, prompting traders to consider Long positions. In such a case, the price might rise towards the first resistance level 172.86 and potentially test 174.35. A stronger increase towards 175.79 is also possible before the end of today's trading session.
#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
Monthly Session : 4th Week
The prevailing market sentiment for this currency pair is Bearish today. Traders expecting downward movement may consider Short positions if the price falls below the '170.77'. This breakdown could pave the way towards the first target level 169.10 and potentially extend to 165.85. Further downside momentum might even push the price towards 164.18 by the end of today's trading session.
In contrast, if the price '170.77' is surpassed, it may suggest a shift in sentiment, prompting traders to consider Long positions. In such a scenario, the price might climb towards the first resistance level 174.02 and potentially test 175.69. A stronger increase towards 178.94 is also possible before the end of today's trading session.
#Monthly #EURJPY #Forex Technical Review
