EURJPY pushes against ceiling area. Key area for both buyers and sellers in the pair.

Join us as we delve into the intriguing movements of the EURJPY, which is currently testing a critical ceiling area spanning from 157.90 to 158.046. This week’s price action has brought the pair closer to this significant resistance, raising questions about a potential breakout. Discover the historical context of this level and its implications for traders. We explore scenarios for both bullish and bearish outcomes, shedding light on the dynamics that could shape the EURJPY’s future trajectory.