FX.co ★ EUR/JPY

Hello traders! I'll say right away that this might please the sellers, but there are a couple of nuances. The thing is, the H4 and D1 timeframes today have drawn a wave to the south. This is definitely a plus for sellers, but there is a zone at 184.58 at the top according to the intraday levels that needs to be visited and closed. And here is where it gets interesting: when approaching the level of 184.58, if we can't update it, then a downward zigzag entry appears as shown on the chart, and when going down, it's desirable to update the lower level at 183.84 to confirm the continuation of the southern movement. As for the target, it's currently at 182.50, but that's a weekly target, while a shorter one within the daily timeframe is at 183.20. Now we just have to wait for the European session to open and see where things are headed.