EUR/JPY:SWING 61.8% FIBO OPPORTUNITY|DOWNTREND|SHORT SETUP đź””

The forecast for the EUR/JPY remains bearish after the reversal failed to gather steam. While the Kijun-sen remains flat, the Tenkan-sen extends its descend. The Ichimoku Kinko Hyo Cloud shows signs of increasing bearish pressures, suggesting more medium-term downside potential.

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Chart PatternsEURJPYeuryenForexTechnical IndicatorsjapaneseyensignalsignalsTrend Analysisyen

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