Anna 
The EUR/JPY pair has maintained a robust bullish trend, climbing to 167.85 on Friday, driven by strong market buying pressure. However, signs of potential short-term pullbacks are emerging as hourly chart indicators signal overbought conditions.
Despite these short-term signals, the daily chart reveals a sustained bullish sentiment. The Relative Strength Index (RSI) has risen steadily from 44 last week to the current reading of 60, indicating ongoing bullish momentum fueled by market demand. Additionally, the Moving Average Convergence Divergence (MACD) supports this outlook with rising green bars, signifying the continuation of positive momentum in the market.
While short-term sellers may attempt to capitalize on overbought conditions for transient pullbacks, the overall trend remains bullish, supported by consistent buying interest reflected in the daily chart indicators. Traders should monitor these developments closely to navigate potential short-term fluctuations within the broader upward trajectory of the EUR/JPY pair.
