EUR/JPY Forecast: Analyzing the Future Outlook

The EURYEN demonstrated commendable adherence to our established trading range throughout the previous week. In the upcoming week, our primary focus will be on the potential for an upward rally, as denoted by the directional arrow, where a formidable resistance level resides. In the event that the price maintains its position below this resistance threshold, we anticipate a subsequent downturn, potentially leading to a descent towards the 156.86 price region.