EUR/JPY. Hello market colleagues. Analyzing the currency pair EUR/JPY on the hourly chart. The trading day closed at the level of 162.19. Yesterday, the currency rate dropped from 163.35 to 162.00. Sellers managed to reverse the currency rate from the level of 163.35. The currency quotes reached a minimum at the price of 162.00. The MACD technical indicator is in the negative zone. If there is a breakthrough of the level of 162.00 next week, then we can expect a decline in quotes to the level of 161.00. If bulls manage to break above the level of 163.40, then the currency rate will rise to the level of 164.20.
