A buying opportunity for the EUR/JPY pair is imminent
The EUR/JPY pair continues its strong upward trend due to
the weakness of the yen and the consolidation activity
that has propelled the pair upwards, continuing its upward trajectory to this day.
The pair has also managed to break through significant and strong resistance levels,
in addition to establishing new strong buying zones, indicating buyer dominance.
Expected buying zones
Currently, the new demand zones on the 4-hour timeframe,
which overlap with the daily timeframe, are considered the best expected buying areas.
If the new demand zones, located
at the 182.70 level, are tested, a move upwards to the targets indicated on the chart,
at the 183.40 and 184.10 levels.
The analysis will be invalidated if the demand zones are broken
and closed below them with a full bearish candle.
