Article details
The EUR/JPY pair remained in a sideways consolidation phase last week, with technical indicators suggesting a neutral bias for the coming week. Key support is identified at the 38.2% Fibonacci retracement level of 185.87, which could trigger a rebound if the pair declines further. A decisive break above the 187.93 resistance level may open the door for higher gains. Traders are advised to monitor these critical levels for potential breakout opportunities. The lack of directional bias highlights the importance of volatility management and risk mitigation strategies. Market participants should also watch for broader macroeconomic developments, including central bank policies and global risk sentiment, which could influence the pair's trajectory in the coming weeks.
