FX.co ★ EUR/JPY

Hello traders, Buyers in the EURJPY pair hesitated after rising above 183.00. To continue the uptrend, it is necessary to consolidate above 183.20, but the bulls are not rushing to implement this plan. The bullish sentiment remains relevant; they may just pull back before moving higher. Levels to watch for a pullback are 183.00 (almost reached) and 182.80 - a potential bounce area to resume the uptrend. If sellers manage to establish below 182.80, then the downside targets could be 182.40, 182.25, and 182.00. Consider buying opportunities in EURJPY on a bounce from 183.00-182.80 or on a rise above 183.20. After surpassing 183.20, the path to 183.40, 183.60, 183.80, and 184.00 will be open for the bulls, with further levels to be assessed accordingly.