In the current EUR/JPY price analysis, the bears are putting up a fight to prevent a bullish correction. The currency pair is facing downward pressure within a bearish framework when examining the hourly charts. A notable development is the formation of an AB=CD pattern, further confirming the bearish sentiment. This pattern is observed within a bearish channel, and the recent pullback from the 50% Fibonacci level, as depicted in the chart, adds to the bearish case.
Moreover, a significant pattern known as the Head and Shoulders formation is taking shape. If the neckline of this pattern is breached, it would serve as an additional indication of a potential downward push. This breakout could potentially trigger further bearish momentum in the EUR/JPY exchange rate.
Given these technical indicators, the analysis suggests a bearish setup for the EUR/JPY currency pair. The bears are actively trying to maintain control and prevent a bullish correction. Traders and investors should be vigilant for opportunities aligned with this bearish outlook.
Moreover, a significant pattern known as the Head and Shoulders formation is taking shape. If the neckline of this pattern is breached, it would serve as an additional indication of a potential downward push. This breakout could potentially trigger further bearish momentum in the EUR/JPY exchange rate.
Given these technical indicators, the analysis suggests a bearish setup for the EUR/JPY currency pair. The bears are actively trying to maintain control and prevent a bullish correction. Traders and investors should be vigilant for opportunities aligned with this bearish outlook.
交易开始:
✅ TELEGRAM CHANNEL: t.me/+VECQWxY0YXKRXLod
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🇺🇸 US ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: www.instagram.com/forexn1_com/
🔥 UP to 4000$ BONUS: forexn1.com/broker/
🇺🇸 US ZERO SPREAD BROKER: forexn1.com/usa/
🟪 Instagram: www.instagram.com/forexn1_com/
