On the daily chart EUR/JPY cross currency pairs seems bias from the movement of this currency is still Bullish which can be seen from the price movement which is still moving harmoniously in the Bullish channel and the four Moving Averages which are still Fan-Up which means that the Bull condition on EUR/JPY is still quite healthy but with the Stochastic Oscillator indicator condition who have come down from the Overbought level and are getting ready to break below the Oversold level giving confirmation that in the near future EUR/JPY will experience a downward correction to the 153.56 level as the main target and the 151.79-151.06 area level as the second target but during the downward correction if it does not exceed below the level of 149.61 then EUR/JPY still has the potential to continue its bullish bias.
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