FX.co ★ EUR/JPY

Hello traders, EURJPY On Friday, our pair formed a narrowing range, with the green range between 182.23 and 181.21. This hints that the price may revisit both levels today. Overall, the signal looks more like a swing than a continuation. However, during the American session on Friday, there was a desire to continue the southern movement. I'm not sure if Asians or Europeans will support this, but the boss has given such an order. Usually, these levels are updated, so let's see how the chart unfolds today. Meanwhile, on the 30-minute and 1-hour timeframes, there are already signs that buyers are preparing the ground for an upward wave on the 1-hour chart. Therefore, we may update the minimum as anticipated over the weekend, and then they will likely start a correction towards the northern pole, in my opinion.