The EUR/JPY currency pair is currently showing potential for further decline. This signal comes from the formation of a swing high pattern, which signals the weakening of buying pressure and the strengthening of seller dominance.
This condition reinforces the view that prices are likely to move lower, in line with the ongoing weakening trend.
Recommendation
- Sell EUR/JPY
- Entry: 171.630
- Take Profit: 171.230
- Stop Loss: 171.930
*DISCLAIMER: All content in daily forex news is informative. PT. Maxco Futures does not guarantee its accuracy and completeness. The company is not responsible for investment losses due to the use of the information contained.
The best investment is an investment in knowledge. Start your journey to trading success with a Masterclass Trading Webinar every Friday. Join now!