To have Latest Update, Refresh this page if you are here longer than 15 minutes.
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: Dead
The market sentiment for this currency pair appears to be Bullish today. Traders may consider initiating Long positions sooner the price surpasses the '161.28'. The initial target level 161.83 could be initially attained, coupled with the second target level 162.15. Eventually, there is a chance for the price to advance further and reach 162.70 before the trading day concludes.
Contrarily, breaking below the price '161.28' could evidently signify a potential shift in sentiment, prompting traders to consider Short positions. In such a case, the price might retreat towards the first support level 160.96 and potentially test 160.41. A sharper decline towards 160.09 is also possible before 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 '161.51'. Once this level is breached, the first target 160.72 becomes attainable, followed by the second target 159.95. Furthermore, it is even possible for the price to decline towards 159.15 before the end of today's market session.
Nonetheless, a breakthrough above the '161.51' could indicate a potential reversal, leading to Long positions. In such a scenario, the price could rise towards the first resistance level 162.28 and perhaps test 163.07. A more substantial increase towards 163.85 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: Friday
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 '160.98'. This breakthrough could lead to the attainment of the first target level 163.07, coupled with the second target level 164.44. Further push might even lead the price towards 166.53 before the day gets over.
Oppositely, breaking lower the price '160.98' 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 159.61 , but it may also see 157.52. A more substantial decline towards 156.14 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: 4th Week
The prevailing market sentiment for this currency pair is Bullish today. Traders seeking upward opportunities may consider Long positions if the price exceeds the '157.39'. This breakthrough could pave the way towards the first target level 159.99 and potentially extend to 163.78. Further upside momentum might even push the price towards 166.38 by the end of today's trading session.
In contrast, if the price '157.39' is breached, it may suggest a shift in sentiment, prompting traders to consider Short positions. In such a scenario, the price might retrace 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
