EUR/JPY is looking bullish, with the current price around 181.0972. The pair has been trending higher, driven by positive economic data from the Eurozone and Japan.
Key Levels to Watch:
– Support: 180.05, 179.69, 179.29
– Resistance: 181.22, 181.58, 182.30
Forecast:
– The predicted daily closing price for EUR/JPY is 180.415, with a range between 179.29 and 181.22.
– For the weekly forecast, the expected closing price is 180.50, with a range of 179.69 to 181.58.
Technical Indicators:
– RSI is at 63.39, indicating a bullish trend.
– ATR is 1.23, suggesting moderate volatility.
– ADX is at 27.33, indicating a strengthening trend ¹.
Keep an eye on economic data releases from the Eurozone and Japan, as they may influence the EUR/JPY trend
