Hello. EUR/JPY. Euro/Yen continues its northern march today, the pair has updated the local maximum again, so the option of heading south remains in question. On the hourly chart, the indicators continue to point north, with the Bollinger Band still expanding, indicating the incompleteness of the current upward impulse. However, one of the basement indicators has stopped supporting the bullish sentiment, hinting at a reversal. So in the local perspective, there is a possibility of a walk to the south around 185.40-45. On the 4-hour chart, the indicators also fully support further movement in the northern direction, but here too, the basement indicators hint at a reversal with bearish divergences. Among other things, the pair has been within a trend channel for quite some time, currently at its upper boundary, so in the local perspective, I expect a move towards the lower boundary, and then it will show whether the bears can maintain the initiative in their hands.
