Best Long-Term Selling Zones for EUR/JPY

The EUR/JPY pair is approaching the supply zones from which it previously rebounded strongly, located near the 186.600 level, as shown on the chart.

These supply zones remain strong, and a further decline is expected, especially after the formation of new selling zones at the same levels.

Expected Targets

If the price rises to the identified supply zones, we expect to see a renewed decline, targeting the 185.600 and 18400 levels, respectively.

This analysis will be invalidated if the daily candle breaks and closes above the identified selling zones.

Best Areas to Sell the Euro/Yen in the Long Term The Euro/Yen pair is approaching resistance zones from which it has previously rebounded strongly, located near the 186.600 level, as shown on the chart. These resistance levels remain strong, and a decline from them is expected again, especially after new sell zones have formed at the same previous levels. Expected Targets If the pair rises to the identified resistance zones, we expect to see a resumption of the downtrend, targeting the 185.600 and 184 levels, respectively. This analysis would be invalidated by a break above and a daily candle close above the identified sell zones.