EUR/JPY Price Forecast: First upside barrier emerges near 185.00

EUR/JPY is hovering around 184.35 at the start of the week. The first upside barrier is emerging at the 185.00 level, which has caught the market's attention. This situation can be viewed as a correction from last week's highs, where traders are keen to see if the 185.00 level will be breached. The current trend shows a slight decline, and if the price goes below 184.00, further downside pressure might occur. With the current price at 184.35, breaking through 185.00 will trigger a fresh buy signal, but the actual execution of this will depend on future market movements. EUR/JPY traders should remain cautious and closely monitor this resistance barrier.