FX.co ★ Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Thursday March 16 2023.

Currently on the 4-hour chart the EUR/JPY cross currency pair appears to have been corrected upwards and stalled in the Bearish Fair Value Gap area and is now falling back down to try to break below the 139.43 level. If this level is successfully broken down, there is a high probability that EUR/JPY will continue its decline to the level of 138.20 but if on its way to the targets of these levels suddenly EUR/JPY is corrected again upwards until it breaks above the 143.24 level then the downside scenario described just now will become invalid and automatically cancel itself.

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