FX.co ★ jerome82 | EUR/JPY

Hello. Euro/Yen continues its northern march today, bears have not been able to actively join the game and take the initiative into their own hands. As a result, on the hourly chart, indicators continue to point north, although the basement indicators are already starting to show bearish divergences hinting at a reversal. So there is a possibility of a walk to around 185.20-25 within the day. However, it is hardly worth opening short positions based on this assumption, it is better to wait for more complete confirmation from the technical component. On the four-hour chart, indicators also point towards further movement to the north, and here the Bollinger Band is still expanding, indicating the likelihood of the current upward impulse continuing. However, one of the basement indicators has sharply stopped supporting the bullish sentiment, hinting at a reversal. So in the local perspective, there is a possibility of a downward walk, but it is clearly too early to talk about a reversal here.