EUR/JPY Trading Analysis (09/01/2025)
The trend is up. The currency pair is trading between 365 and 135 EMAs on the H1. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy when the formation of the ascending wave structure is truncated, when the wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 162.600.
- Price targets at 164.200 and 164.800.
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