EUR/JPY Tests Key Resistance as Bear Trend Question Looms
EUR/JPY is pressing resistance at 183.85/184.15 while traders assess whether the pair is starting a bearish turn after the yen's recent pullback.
EURJPY
EUR/JPY is currently testing the 183.85/184.15 resistance area. Price action around this zone is being watched as a potential signal for whether a bearish trend is developing.
The yen has weakened significantly since the sharp boost it received from central bank intervention. That retracement leaves the pair at a technical inflection point.
Traders are focused on whether resistance holds or breaks, as that could clarify the near-term direction for the cross.
Source: FXStreet Forex News