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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

EURJPY 22.10.2024

Technical Analysis
Tuesday, October 22, 2024 - 12:28
Point Trader Group
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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