FX.co ★ jerome82 | EUR/JPY

Analysis and Forecast for the EURJPY Currency Pair Based on Technical Analysis Hello traders, This trading week, the Euro against the Japanese Yen showed a fairly good growth, but most importantly, managed to break above the maximum level around 182 and confidently established itself above it, where it is currently trading and will close the week. It is unlikely that the situation will change drastically at the beginning of next week, so as long as the price continues to trade above, opportunities for long positions can be sought, with the area around the level of 182 - 182.50 looking like the best entry point. Although I marked a level slightly higher on the chart, as we may not get a significant pullback, entry will have to be based on circumstances. The key point is that as long as the price moves within the ascending channel, preference should undoubtedly be given to buying. As for selling, it is not very visible in this situation, although everything could turn upside down in a few days. For example, if the EURJPY currency pair manages to drop below the 181.80 level, then it may be worth considering a reversal and looking for entry points for short positions.