The EUR/JPY forecast for December 3, 2024, is showing some interesting technical indicators. On this Technical Tuesday, traders are keeping a close eye on the currency pair’s movements.
The EUR/JPY pair is currently trading at a key resistance level, and analysts believe that a breakout could be imminent. If the pair manages to break above this resistance, it could open the door for further upside potential.
On the downside, there is strong support at a certain level, which could provide a buffer for any potential pullbacks. Traders will be monitoring these levels closely to gauge the pair’s next move.
Overall, the technical outlook for EUR/JPY on December 3, 2024, suggests that traders should be prepared for potential volatility in the currency pair. Keeping a close eye on key support and resistance levels will be crucial in navigating the market.