EURJPY 21.3.2025
General Trend:
The price is trading within a sideways range, facing strong resistance in the 163.85 - 164.86 zone, which has previously blocked bullish attempts.
Expected Scenario:
Bullish Scenario:
A breakout above 164.86 could push the price toward 167.00.
Sustained momentum above 167.00 may lead to 168.50.
Bearish Scenario:
Failure to break 164.86 may result in a pullback toward 161.41.
A break below 161.41 could extend the decline toward 158.16.
Key Levels:
Resistances: 163.85 - 164.86 - 167.00
Supports: 161.41 - 158.16 - 156.50
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