See also
03.06.2025 08:23 AM
If we look at the 4-hour chart of the EUR/JPY cross currency pair which moving below the WMA (21), which also has a decreasing slope and the appearance of Convergence between the EUR/JPY price movement and the Stochastic Oscillator indicator, then in the near future EUR/JPY has the potential to weaken down where the level of 162.79 will be tested to be broken and close below that level. If successful, EUR/JPY will continue to weaken to the level of 162.56 as its main target and 162.25 as the next target, but if on its way to the target levels, EUR/JPY suddenly strengthens again to penetrate and close above the level of 163.93, then all the weakening scenarios that have been described previously will be invalid and automatically canceled by themselves.
(Disclaimer)
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
