FX.co ★ EUR/JPY

Hello traders, observing the EUR/JPY chart, the opening of today's trading session started with a movement against the upward trend, indicating a short-term negative sentiment. However, as the trend line still confirms the bullish direction without a break, it now serves as support for Buyers. Currently, entering long positions is considered risky, as there is a possibility of a reversal or a deep correction, as is often the case. I would consider opening a long position if a break of the local maximum at 175.45 occurred. In this case, the lower minimum at 173.48 would be where I place my stop loss. After the break of the 173.36 line, considering an entry into a new trading scenario for further decline is now on the table.