Best Areas to Sell the Euro-Yen (EUR/JPY)

The Euro-Yen pair continued its upward climb, reaching daily supply zones, 

which were considered important for the pair.

The pair rebounded from these areas and was able to break the sub-uptrend.

It formed new supply zones, a strong indication of market orders 

and a possible return of sellers.

Currently, the pair is retesting the new supply zones, shown at the 173.150 levels.

A decline is expected to reach the targets specified on the chart, 

which are located at the 172.600 and 171.800 levels.

If the supply zones are broken and closed above them,

 the downtrend analysis fails, and we may see a continued rise.