EURJPY – Keeping an eye on that 185 level
It's been a ride for $EURJPY recently. I'm watching that 185 handle pretty closely; seems like it’s becoming a bit of a sticky point, acting as a magnet but also a ceiling. If we get a sustained push above 185.00, especially on decent volume, I might lean into the idea of a continuation, but for now, anything that whips back down from that area feels like a potential rejection. The risk for me is if we consolidate above 185.00 and then find strong support there – my short-term bearish bias at that specific level would be completely invalidated then. As always, the market loves to humble you.
I'm with you on the 185.00 level for EURJPY. It's definitely been a key psychological and technical area. Are you considering any specific indicators or candlestick patterns around that level to confirm a sustained push or a rejection?