USDJPY
EURUSD
EURJPY
EUR/JPY Price Forecast: Holds gains above 185.00, bullish momentum prevails
Key Takeaways (30s Read)
EUR/JPY trades near 185.20, maintaining bullish momentum for the third consecutive day.
EUR/JPY is trading near 185.20, maintaining bullish momentum for the third consecutive day. This uptrend is supported by holding above the 185.00 support line, indicating a potential continuation of the rally. With recent price action suggesting resilience, traders might look towards 185.50 or 186.00 as potential targets. Holding existing positions could be effective for short-term gains.
AI Analyst
AI Opinion
"The current bullish trend in EUR/JPY is strengthened by holding above the 185.00 support level, raising expectations for further upside. The market sentiment remains positive, and a trading strategy focusing on entries around 185.20 is recommended. However, it's important to consider the risk of sharp price fluctuations due to global economic indicators and central bank policy announcements from both Japan and Europe, though the outlook appears to maintain positive momentum at this time."
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