FX.co ★ jerome82 | EUR/JPY

Before the weekend, the EUR/JPY pair broke the 187.05 support level with an impulse and closed below it. The moving average remained above the quotes, indicating its role as resistance to the north. I think the price may consolidate below this level and continue to push down towards the 186.13 support. By overcoming this support and firmly establishing below it, the pair will have a good prospect for furthering its southern direction. On the other hand, a move back above the 187.05 level and the moving average signals a continuation of the northern path, and in this case, we will look at the actual move to the north. Wishing everyone good luck.