EURJPY Tests Key Level, Anticipates Pullback and Sideways Movement

FOREX

Chartist Trader

7/15/20241 min read

EURJPY is testing its previous high level of 171.585, recorded on April 29, 2024. This level, now acting as strong support after previously serving as resistance, is expected to prompt a minor pullback. Subsequently, the price may experience sideways movement before declining towards the next support area.