The support level of 116.34 holds back sellers (a false breakout has formed). The descending H12 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending wave pattern is forming, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop loss: 116.34.
Target levels: 118.37; 119.00.
The EURJPY rate online: monitor the movement of the pair in real-time.