Bearish
EUR/JPY slips below 179.00 as bearish momentum persists
EUR/JPY has declined below the 179.00 mark, maintaining a bearish trend. The pair faces resistance from both the nine-day and 50-day Exponential Moving Averages (EMAs), with the 14-day Relative Strength Index (RSI) around 32 indicating ongoing downside pressure.
Key points
- EUR/JPY trading below both nine-day and 50-day EMAs, indicating bearish momentum.
- 14-day RSI at 32 suggests persistent downside pressure.
- Initial support near 177.40, with potential for a rebound if this level holds.
Sources
AI-generated from public news sources. Not financial advice.
