An Upward Move Expected for the EUR/JPY Pair Soon

The EUR/JPY pair is moving sideways on the hourly timeframe after reaching the daily demand zones, which have begun to push the pair upwards.

Currently, the pair is attempting to break through the supply zones on the hourly timeframe. A break and close above these supply zones is expected to trigger an upward move, confirming the current accumulation phase.

Expected Targets

If the pair breaks and closes above the current supply zones, specifically above 182.536, we anticipate a continuation of the pair's upward trend in the short and medium term, reaching the targets at 183.30 and 184.00.

Furthermore, a potential upward move is still expected if the pair retraces and falls back to the demand zones around 181.00.