FX.co ★ jerome82 | EUR/JPY

Hello traders, For the EURJPY pair, there is an attempt to turn the price towards further growth, currently only as a pullback from the decline. At the moment, the price for EURJPY has been pulled up into the buying zone of the Envelopes indicator, above the support level of 181.62. However, buyers are facing a key resistance here, which is already at 181.86 on the four-hour timeframe. Only a four-hour candle closing above this resistance will signify a reversal to the upside and the cancellation of the downward movement. Therefore, as long as the price is held above the level of 181.62, I am waiting for a breakout above 181.86, which will open the way for the EURJPY pair to continue rising towards the resistance at 183.70.