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30.04.2025 06:17 AM
On the 4-hour chart of the main currency pair USD/JPY, it can be seen that the Stochastic Oscillator indicator forms a Double Bottom pattern while the price movement of USD/JPY forms a Higher High so that this Divergence gives an indication that in the near future USD/JPY has the potential to strengthen up to the level of 144.03 and if this level is successfully breaks and closes above it, then USD/JPY has the potential to continue strengthening again to the level of 148.12, but if on its way to the targets of these levels suddenly there is a significant weakening correction, especially if it breaks through and closes below the level of 139.90, then all strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.
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