EUR/JPY Price Movment On August 27, 2020

analytics5f47388a0b4d9.jpg

The EUR/JPY pair is now moving towards 126.11 as the prime target. If the bullish momentum is strong enough, then 126.43 will serve as the secondary target. This movement has been already confirmed by the hidden divergence between the price with the Stochastic Oscillator (brown line) as long as this pair not retrace downwards and closes below the 125.24 level. If this happens, the bullish scenario will be automatically canceled.

(Disclaimer)

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