EUR/JPY - Euro Japanese Yen Hello colleagues. On the daily chart, I see that the pair moved north yesterday, and today we are observing a northern movement at the moment. The pair has been moving north for several days on the daily chart. It is interesting to see how the pair will continue to move, whether the northern trend will continue or if we should expect other scenarios. Let's try to determine the pair's direction for the day. Let's look at the technical analysis of the pair and consider the recommendations. Moving averages - strongly buy, technical indicators - strongly buy, conclusion - strongly buy. So far, everything is in favor of buying, we just need to make a decision. Let's check the release of important news for today. No important news is expected from Japan. Important news has been released from the Eurozone, with a neutral impact. No more significant news is expected from the Eurozone. I expect buying today. The purchases will most likely reach the resistance level of 167.00. Sales are possible down to the support level of 166.35. Therefore, I expect a movement to the north most likely. This is a rough trading plan for today. Good luck to everyone.
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