Best Selling Zones for EUR/JPY in the Short Term

The EUR/JPY pair broke a minor uptrend and declined sharply, forming strong selling zones after the recent strong bullish break.

Currently, the pair, along with most yen pairs, is expected to experience some downward corrections before resuming its upward trend, unless the overall trend changes.

Expected Zones

If the pair tests the new selling zones near 187.55, we anticipate a decline to the targets near 187.10 and 186.50, respectively.

This analysis and the expected decline will be invalidated if the pair breaks through the specified selling zones and closes above them with a 4-hour candle.