Bearish
EUR/JPY dips below 179.00 amid bearish technical indicators
Over the past 24 hours, EUR/JPY has declined below the 179.00 mark, reflecting a prevailing bearish sentiment. Technical analysis indicates that the pair is trading within a descending channel, with the 14-day Relative Strength Index (RSI) around 32, suggesting persistent downside pressure. Immediate support is identified near 177.40, the lower boundary of the descending channel.
Key points
- EUR/JPY falls below 179.00, maintaining a bearish trend.
- Technical indicators show persistent downside pressure with RSI at 32.
- Immediate support found at 177.40, the channel's lower boundary.
Sources
AI-generated from public news sources. Not financial advice.
