Best Short-Term Buying Zones for the EUR/JPY Pair

The EUR/JPY pair has risen sharply on the hourly timeframe after a false break of the 4-hour demand zone and a break of the downtrend line shown on the same timeframe.

The pair has established buying zones on the hourly timeframe, which are currently considered the best buying opportunities. A further rise is expected from these zones as the price returns to test them.

Expected Targets

If the price returns to the hourly demand zone near the 182.13 level, we anticipate a continuation of the upward movement towards the targets shown on the chart at 182.40 and 182.80, respectively.

This analysis will be invalidated if the price breaks below the demand zones and closes below them with a full bearish candle on the same timeframe.