FX.co ★ EUR/JPY

Hello traders, The EUR/JPY pair is trying to ignore the 0.6% decrease in the German Wholesale Price Index in August, which, against the expected 0.2% growth, could have been a reason for bearish consolidation. However, the bears are not yet ready to overcome the H4 Kijun line. If the pair manages to surpass this level, the next obstacle for sellers on the way to the 171.86 level (Murray 6.8) will be the 172.50 level (the lower boundary of the Ichimoku cloud). Considering the current fundamentals, I don't see a reason to consider buying, although I wouldn't be surprised if the pair surges towards the resistance level at 173.42 (Murray 7.8).