FX.co ★ jerome82 | EUR/JPY

Prospects of the currency pair EUR/JPY based on technical analysis. The main focus will be on resistance and support levels, volumes, and basement indicators. So, the chart:

The pair has tested the resistance level and is now preparing for a correction. Now let's see what the indicators are telling us. The pair has risen well, hit the target precisely, and reversed. It can be seen on the chart that the pair tested the level of 186.85 and is currently trading at a price of 186.74. The RSI is moving in the middle of the range and looking uncertainly downwards, the AO is showing a weak buy signal, the price of the pair EURJPY is within the trading range of the previous day. The signals are flat, but there is a possibility of a very slight decrease. I assume that the pair will test the support level of 186.40. Based on the analysis, cautious sales are recommended until 186.45. However, remember that the market can be subject to sudden changes, so carefully calculate your risks.