Expected Scenarios for EUR/JPY Movement

The EUR/JPY pair continues to move in a strong upward trend.

The pair has also managed to establish new, strong buying zones,

indicating the continued dominance of buyers,

which is expected to persist in the long term.

Currently, there are several expected scenarios for the pair's movement.

Expected Scenarios

Scenario 1: Buying and Continued Upward Movement

The identified demand zones are considered the best buying opportunities at present.

These zones are located at the 180.19 level, as shown on the chart.

An upward move is expected from this level to the targets of 180.60 and 181.10.

Scenario 2: Downward Movement, provided the demand zones are broken

and the price closes below them. In this case, we expect to see a decline

to the support zones near the 179 level.