FX.co ★ jerome82 | EUR/JPY

Hello traders, 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, let's look at the chart:

Today's correction was very small, and the decline continued. We are now preparing for another correction. Now let's see what the indicators are telling us. The pair slightly rose but did not reach the target and turned around. On the chart, it is visible that the pair tested the level of 181.20 and is currently trading at a price of 181.52. The RSI is moving in the buying zone and hesitantly looking upwards, while the AO is showing a good reversal signal for buying. The price of the EUR/JPY pair is much lower than the trading range of the previous day. The signals are not very strong, very similar to yesterday's, but there is a possibility of a slight increase. I assume that the pair will test the resistance level of 183.10. Based on the analysis, cautious purchases are recommended up to 183.00. However, remember that the market can be subject to sudden changes, so carefully assess your risks.