FX.co ★ EUR/JPY

Hello traders, the Euro in the currency pair EURJPY has confidently moved upwards, breaking through all obstacles in its path. While there have been more significant movements in the past, overall the growth has been quite good. Let's see how the week starts; it wouldn't be surprising if we see another price gap in either direction. At the moment, the sentiment is clearly bullish. Before continuing the upward movement in EURJPY, a pullback to around 183.75 would be desirable, and then we can aim for 184.20 and higher, towards 185.00 and beyond. If some events support the sellers, then after consolidating below 183.75-183.60, the decline could continue towards 183.20 and 182.80 - there might be a bounce from this level, but we need to monitor the situation. If the price solidifies below 182.80, then EURJPY could be pulled down to 182.40 and 182.00 - once again, there is a chance of a reversal to the upside.