EUR/JPY testing a key resistance level within a trading range. However, the recent attempt to break above this level resulted in a false breakout, followed by price consolidation within a flat structure.
Amid a weakening U.S. dollar and a strengthening Japanese yen, the pair is experiencing cross-currency pressure. This has led to the formation of a strong support base around the 163.000 and 162.200 levels.
Please note that and share your thoughts in comments for more analysis Thanks.
Amid a weakening U.S. dollar and a strengthening Japanese yen, the pair is experiencing cross-currency pressure. This has led to the formation of a strong support base around the 163.000 and 162.200 levels.
Please note that and share your thoughts in comments for more analysis Thanks.
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