FX.co ★ jerome82 | EUR/JPY

Bulls in the EURJPY currency pair managed to rise to 185.95, but are not in a hurry to consolidate above. From the current perspective, a decline to 185.55 looks realistic, and if they manage to consolidate below, then they may continue downwards to 185.15 and 184.75. In case of a successful consolidation below 184.75, the downward movement may continue to 184.40, 184.00, and possibly even reach 183.60. If the level of 185.95 is eventually surpassed, then the rise of EURJPY may continue to 186.35 and 186.70. There are more interesting targets on the upside, but first we need to see the reaction to tomorrow's news, and then we will see.