On the EUR/JPY D1 chart, the price once tried to break through the lower support level, but it was hopeless and then shot higher. At present, it can be seen that the RVI indicator has formed a golden cross, and the double line is also above the price, which is conducive to pushing the price up. The RSI indicator shows that the price is favorable for further longs.
The RVI indicator on the H1 chart successfully broke through the 0-axis, and the bearish trend turned bullish. The Williams indicator also shows that the bulls are very strong. If you are pursuing insurance, you can wait for the 200EMA to be broken and go long.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
