EUR/JPY forecast, July 16, 2020.

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On the 4 hour chart, we can see the hidden divergence between the stochastic oscillator and the price. It means that the EUR/JPY pair will continue its upward movement. It may reach the 122.47 level. This scenario will come true if the pair does not decline and close bellow the 121.44 level. The overall bias for EUR/JPY is now bullish.

(Disclaimer)

The material has been provided by InstaForex Company - www.instaforex.com