EUR/JPY Returns as Bullish Over 185.549

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EUR/JPY Returns as Bullish Over 185.549

Research preview

Investor-Level Read EURJPY is trading near 185.493 with a developing, but still dependent on price acceptance profile; the next directional clue should come from how price behaves after the first test of support or resistance. Price is trading below the daily pivot at 185.586, which leaves the first read vulnerable unless the pivot is reclaimed. The working support band is 185.444 / 185.404 / 185.343, while the resistance band is 185.549 / 185.597 / 185.641. Daily R1 at 185.801 and S1 at 185.186 define the first tactical range. Internal models have flipped from Buy to Strong Buy for EUR/JPY. The shift puts upside continuation in focus, with price near 185.586,...

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