Best Expected Entry Zones for the EUR/JPY Pair

The EUR/JPY pair is moving sideways on the 4-hour timeframe, confined between supply and demand zones, as illustrated in the chart.

Currently, the pair is trading at the demand zone, which represents the lower boundary of the sideways movement and could potentially trigger a price reversal.

Expected Scenarios

The first scenario is bullish, contingent on the price rising and closing above the current demand zone, specifically above 182.473.

If this scenario unfolds, the pair is expected to target the supply zones again.

The second scenario is bearish, contingent on the price breaking and closing below the current demand zone, specifically below 181.99.

If this scenario unfolds, the pair is expected to target the 180.97 level, which is considered one of the most important expected buying zones and could potentially push the pair higher if reached.