FX.co ★ EUR/JPY

Hello traders, everything is stable for us with the EURJPY pair, as the confident uptrend continues to be dominant. Yesterday, we even saw new highs, pushing above 183, although we haven't firmly established above that level yet. However, the pressure in the northern direction persists. Of course, I don't have any specific immediate targets higher because all highs are historical. But I have been waiting not only for a pullback but also for a sharp decline for a while now. Everything could change next week as we have Eurozone inflation data, followed by the ECB meeting, and towards the end of the week, the Bank of Japan meeting where a rate hike could occur. I still do not consider buying at the moment. However, I do not rule out the possibility of a move above 183.50, where I will still be looking for sell signals.