Exploring the Future of Crypto: Detailed Technical Analysis of EURJPY Coin (€¥) on 7 May, 2024

EURJPY Technical Analysis Report 7 May, 2024

• The EURJPY currency pair is expected to rise further, targeting the next resistance level at 168.00.
• The pair recently reversed up from a significant support zone, signaling potential for further gains.
• The bullish outlook is supported by the prevailing daily uptrend, acceleration of intraday Momentum, and continued bearish sentiment for the yen across currency markets.

Market Analyst Dmitry Chernovolov provides an in-depth technical analysis of the EURJPY currency pair, predicting a rise towards the 168.00 resistance level.

EURJPY Reverses from Support Zone

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