FX.co ★ jerome82 | EUR/JPY

Hello traders, EURJPY What I like is that our pair doesn't linger but moves steadily towards its targets. Out of the three levels where price accumulated, both levels were clearly updated: 183.80, 184.50, and 185.20. It can be said that all targets have been hit, but of course, this does not mean it's over. There may still be room to rise up to 187.00, the path is open. However, let's not rush, we still need to visit 185.50, where likely some slowing down will begin. The type of slowdown that will occur depends on this and determines which pattern to draw. Since the pair has visited all three levels, it's time to draw a new pattern. Meanwhile, interestingly, the support has not changed, remaining at 182.50. For today, to cancel the northward movement, the lower level needs to be updated to 184.43. In general, a pullback is needed to close the long at 184.50.