EURJPY: Bearish Forecast Explained 🇪🇺🇯🇵

Short

Euro / Japanese Yen (FX:EURJPY)

Updated

FX:EURJPY Euro / Japanese Yen

Wedge Trend Lines Multiple Time Frame Analysis euro japaneseyen jpy EUR Forex trading Technical Analysis Contains image

wedgepattern trendline mtfa euro japaneseyen jpy eur forex trading technicalanalysis containsimage

snapshot

After a test of a confluence zone based on a daily horizontal resistance and 318 retracement of the major bearish impulse, EURJPY dropped and violated a support line of a rising wedge pattern on an hourly time frame.

It is an important bearish confirmation.
We may see a bearish movement to 156.2 / 155.5 soon.

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Trade closed: target reached

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