Categories: Technical analysis

EURJPY Wave Analysis 1 April 2024

– EURJPY reversed from resistance level 164.30

– Likely to fall to support level 162.00

EURJPY currency pair recently reversed down from the resistance level 164.30, former multi month high from the middle of November.

The resistance level 164.30 was strengthened by the upper daily Bollinger Band.

EURJPY currency pair can be expected to fall further to the next support level 162.00, former minor support from March.

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The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: EURJPY

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