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EURJPY 22.10.2024
General Trend: The general trend is leaning bullish, with the price moving near the resistance level at 163.856 within a narrow range.
Expected Scenario: If the 163.856 level is broken, we may witness further upward movement towards the next level at 167.408.
Alternative Scenario: If the price fails to break above the 163.856 resistance, it may decline towards the support at 163.224, and if broken, it could extend the decline towards 158.162.
Key Levels:
Resistance: 163.856 - 167.408
Support: 163.224 - 158.162
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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