Bearish
EUR/JPY falls below 178.00 amid bearish channel pattern.
EUR/JPY has declined below the 178.00 mark, continuing its downward trend within a defined descending channel. Technical indicators suggest persistent bearish momentum, with the Relative Strength Index (RSI) at 36.36, indicating ongoing selling pressure.
Key points
- EUR/JPY slips below 178.00 after pulling back from nine-day EMA.
- EUR/JPY falls to 177.90 as bearish channel pattern continues.
- EUR/JPY tests 177.50 after bouncing from lower boundary of descending channel.
Sources
AI-generated from public news sources. Not financial advice.
