On the 4-hour chart of the EUR/JPY cross currency pair, after testing the Lower Bollinger Band line twice, a Divergence appears between the EUR/JPY price movement and the Stochastic Oscillator indicator. So, based on this fact, in the near future EUR/JPY has the potential to appreciate and strengthen upwards where the level of 157.22 will try to be broken and close above that level, then EUR/JPY has the potential to continue strengthening again to the level of 160.05 and if the momentum and volatility of the strengthening support it, then 161.22 will be the next target to be targeted, but if on the way to these targets there is suddenly a weakening correction that breaks and closes below the level of 155.75, then all the strengthening setups that have been described previously will be invalid.
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