EUR/JPY Consolidation Continues

The EUR/JPY currency pair remains in a state of consolidation below its temporary high of 186.72. A rebound from the support level of 182.10 is still possible, and if it extends higher, the next target would be the 187.93 high.

However, this rebound is considered a corrective move, which means that strong resistance is expected at the 187.93 level to limit further upside.

If the price breaks below the support level of 185.32, it could turn the intraday bias back down and target the 183.14 support level.