Hello traders. EUR/JPY. Euro/Yen continues its move to the north today, although I was expecting the bears to take the lead and push the pair in their direction. But as they say, it's not over yet. On the hourly chart, the outlook remains bullish, as the pair has almost completed another intraday buying signal. However, it is approaching this week's high, from where I expect a new move to the south. Basement indicators are showing bearish divergences, hinting at a possible reversal. To open short positions, it is advisable to wait for further confirmation from the technical analysis. In case of a favorable outcome for the bears, there is a possibility of a decline towards the approximate target of 186.20-30. On the 4-hour chart, indicators are currently trying to show a buying signal, but it is still too early to confirm. Lately, a sideways movement can be observed on the chart, leading to potential changes in signal directions without activation, not to mention follow-through. The pair is currently near the upper boundary, so in the short term, I expect a decline.
