FX.co ★ EUR/JPY

At last we have seen an acceleration of growth in the EURJPY currency pair, although buyers still have room to move. Right now the bulls have come close to the 185.95 level; after it is broken, the move can continue to 186.70 and ideally, of course, go straight to 187.50. Undoubtedly, it is possible that before rising to the highs they will roll back down more than once, but the uptrend remains relevant, which means buying is the more reliable option for trading EURJPY. When rising to 187.50, a good pullback down is certainly possible, but if the Japanese authorities do not intervene, a further rise by hundreds of points is quite realistic.