The youngest, led the upward movement on the 1-hour chart of the EUR/JPY to an Overlap of the 100-SMA, above the 200-SMA.
This “Golden Cross” is not guaranteed, however, that the recent correction is complete. Lower rates converge on the hourly chart, the SMA Overlap. This course level is for many, EUR/JPY Trader a technical Hotspot. The risk scenario is a close below the 200-SMA.