Bearish
EUR/JPY tests immediate VWAP resistance at 185.50 amid bearish short-term outlook.
Over the past 24 hours, EUR/JPY has remained below its session VWAP and a tight cluster of exponential moving averages, indicating a bearish short-term trend. The 14-day Relative Strength Index (RSI) stands at 46.58, suggesting weakening bullish momentum. Immediate support aligns with the lower boundary of a symmetrical triangle around 183.50.
Key points
- EUR/JPY trading below session VWAP and EMAs, indicating short-term bearishness.
- 14-day RSI at 46.58, signaling weakening bullish momentum.
- Immediate support at 183.50, aligning with symmetrical triangle's lower boundary.
Sources
AI-generated from public news sources. Not financial advice.
