FX.co ★ jerome82 | EUR/JPY

The pullback in the EURJPY currency pair continues. Sellers are approaching the level of 183.60, a bounce from which looks quite realistic. If they manage to establish below 183.60, then the decline may continue towards 183.20 and 182.80. From these levels, there may be a bounce again and a resumption of growth, but one should always be cautious with the yen, as it likes to bring surprises. If buyers succeed in resuming growth from current levels or on a bounce from 183.60, then initially we can expect the EURJPY price to rise to 184.00, 184.40, and 184.75. Further consolidation above 184.75 will open the way for bulls to 185.15, 185.55, and 185.90-186.00.