EURJPY Strong oversold buy opportunity.

The EURJPY pair broke again below the 0.786 Fibonacci retracement level of its Rectangle pattern and is consolidating. Every time this break-out occurred, the price was a buy opportunity.

This time, the 1D RSI is on Higher Lows, i.e. a Bullish Divergence, which makes the opportunity even stronger. We are expecting a 1D MA200 (orange trend-line) test below the Lower Highs trend-line at 162.250.

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