A strong buying opportunity for the EUR/JPY pair during the correction

The EUR/JPY pair has broken through resistance levels after bouncing off daily demand zones, establishing new buying opportunities.

Based on recent price action, the pair is expected to continue its upward trend in the long term, making it advisable to focus on buying opportunities.

Expected Targets

If the pair declines and tests the new demand zones near 199.89, it is expected to rebound and rise again towards the targets shown on the chart, which are near 200.50 and 201.30, respectively.

If the price breaks below the demand zones and the upward trend line, closing below them on a 4-hour candle, it is expected that the pair will continue its decline to the next demand zone near 198.22, from which it may resume its upward movement.