Bearish
EUR/JPY remains below 178.00, maintaining bearish momentum amid technical patterns.
Over the past 24 hours, EUR/JPY has continued its downward trend, trading below the 178.00 mark. Technical analyses indicate the pair is confined within a descending channel, suggesting persistent bearish momentum. The 14-day Relative Strength Index (RSI) is at 35.8, signaling ongoing downside pressure.
Key points
- EUR/JPY remains below 178.00, indicating sustained bearish momentum.
- The 14-day RSI at 35.8 suggests ongoing downside pressure without immediate reversal signals.
- The pair continues to trade within a descending channel, maintaining the current bearish trend.
Sources
AI-generated from public news sources. Not financial advice.
