FX.co ★ jerome82 | EUR/JPY

For the EUR/JPY pair, sellers were quite active yesterday and as a result of the decline they organized, we were first able to reach the support level around 185.56, and then break through it. At the same time, the volumes during the decline and the breakout of this level were quite high and gradually increased, which indicates further entries of large bears into positions, and the very fact that the price ended the trading day fixed below the specified level opens the way for a new wave of selling. Overall, my priority is selling, so for the EUR/JPY pair today I will first be looking for another test of the previously broken resistance level around 185.56, followed by a bounce from it and a resumption of the decline towards targets around 185.18 by the end of the day.