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With the appearance of Divergence between the price movement of the EUR/JPY cross currency pair with the Stochastic Oscillator indicator also followed by the presence of the Bullish 123 pattern followed by the Bullish Ross Hook (RH) and also added to the current price movement is above EMA (21), based on this information in the near future EUR/JPY will strengthen where 164.12 will be the main target and if the volatility and momentum of its strengthening support then EUR/JPY will continue its strengthening to the level of 166.09 but if on its way to the target levels suddenly there is a significant weakening especially if it breaks through and closes below the level of 158.21 then all strengthening scenarios that will occur in EUR/JPY that have been described previously will become invalid and automatically canceled by themselves.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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