Euro-yen and a strong buying opportunity are on hold

The best area to buy the EUR/JPY pair in the short term.

 

The EUR/JPY pair has broken the descending channel and has also been able to

form demand zones on the daily and 4-hour time frames.

These are currently the best areas to buy the pair.

A correction is currently expected, reaching the demand zones

located at the 162.60 levels, as shown on the chart.

A rise from the zone is expected to target 163.10 and 163.80, respectively.

With a stop loss at the 161.95 levels.

Please note that despite the strength of the trade, 

please trade with caution, adhere to good capital management, 

and take light risk positions.