EUR/JPY Bounces off Support Arc: Eyes on 181.44

The Euro/Japanese Yen currency pair has rebounded from its 1 (100%) Support Arc, according to Arc Cycle Analysis. This technical indicator suggests that the current price movement is bullish and may continue towards the next Resistance Arc.

The rebound confirms that the Arc continues to provide support within the current cycle. Continued bullish momentum could drive the price to 181.44. A sustained two-hour close below 178.90, however, would weaken the bullish scenario and potentially reopen the path toward lower extension levels within the Arc Cycle.