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EUR/JPY remained range-bound below 185.44 last week, with the weekly outlook maintaining a neutral bias. Key technical levels include the 185.44 resistance and 184.02 support. A break above 185.44 could extend the rebound toward 187.93, while a firm break below 184.02 may trigger a deeper decline to 182.01. The pair's movement is being analyzed within a broader context of potential Fibonacci retracement patterns and trend continuation.
For traders, the focus is on whether EUR/JPY can sustain above 185.44 to confirm bullish momentum or if a breakdown below 184.02 signals renewed bearish pressure. The neutral bias suggests volatility could increase around these critical levels, offering opportunities for both long and short positions. Central bank policies and macroeconomic data from the Eurozone and Japan may also influence the pair's trajectory.
Investors should monitor the 185.44 and 184.02 levels closely this week. A sustained close above 185.44 would validate the bullish case, while a breakdown below 184.02 could accelerate the decline toward 182.01. Broader market sentiment and risk-on/risk-off dynamics will also play a role in shaping EUR/JPY's direction.
