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With the appearance of Convergence between the price movement of the main currency pair USD/JPY with the Stochastic Oscillator indicator and the position of the EMA (100) which is above the price, in the near future USD/JPY has the potential to continue its weakening where as long as there is no further strengthening that breaks and closes above the level of 149.43, then USD/JPY will continue its weakening to the level of 139.59 if the volatility and momentum of the weakening support it, then 137.10 will be the next target that will be tested and aimed for.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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By looking at the 4-hour chart of the EUR/JPY cross currency pair, it appears that in the near future EUR/JPY has the potential to strengthen, which is confirmed
Early in the American session, the EUR/USD pair is trading around 1.1378 within the downtrend channel formed on April 17 and showing signs of exhaustion of bullish strength. A technical
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