EUR/JPY Hello colleagues. I see that on the daily chart, the pair has been moving sideways recently. Today, there is a southward movement at the moment. It is interesting to see how the pair will continue to move, whether the sideways movement will continue or if we should expect changes. To do this, let's look at the technical analysis of the pair for the near future and what recommendations there will be. Moving averages - sell, technical indicators - actively sell, conclusion - actively sell. This technical analysis recommends a southward movement for the pair in the future. Let's look at the release of important news regarding the pair today. Important news has been released from the Eurozone, which is a positive fact. No more important news is expected from the Eurozone. Important news has been released from Japan, which is also a positive fact. No more important news is expected from Japan. My trading plan for the near future involves expecting a southward movement for the pair. Sales are possible down to the support level of 161.00. Purchases are likely possible up to the resistance level of 161.65. So, it is more likely to expect a southward movement in the future, but within the sideways range. This is a rough trading plan for the near future. Wishing everyone successful trading.
