Based on the analysis of the EUR/JPY currency pair, it is expected to rise to the level of 172.3. The trend indicator on the H1 timeframe confirms this, as the price is above the blue line. An additional signal of the strength of the upward movement is the blue line holding below the white moving average line of the dynamic channel. It is recommended to open a position from the level of 171.70 with a stop-loss set at 171.35.
