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:

Trading continues within a range. 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 slightly dropped, hit the target precisely, and reversed. On the chart, it can be seen that the pair tested the level of 184.55 and is currently trading at a price of 184.49. The RSI is moving in the middle of the range and looking down uncertainly, the AO is showing a weak buy signal, the price of the pair EURJPY is above the trading range of the previous day. The signals are not very strong, but there is a possibility of a slight decrease. I assume that the pair will test the support level of 183.50. Based on the analysis, cautious sales are recommended until 183.60. However, remember that the market can be subject to sudden changes, so carefully calculate your risks.