Strong Bearish Warning for EURJPY!
Technical analysis indicates that EURJPY is currently on the verge of a free fall towards 161.
Broken Uptrend: EURJPY recently broke below its long-term uptrend line, signaling a probable trend reversal to the downside.
Head and Shoulders Pattern: The EURJPY chart is currently forming a bearish head and shoulders pattern, providing strong confirmation for the continuation of the downtrend.
Rising Risk Indicators: Risk indicators like VIX are rising, indicating increasing market tension and potential for heightened volatility.
Key Support Levels:
161: The first key support level lies at 161. A breach of this level could send EURJPY plummeting towards 155 and 150.
155: The next support level is located at 155. If EURJPY breaks below 155, it could head towards 145 and 140.
This analysis is provided for educational purposes only and should not be construed as investment advice.
Always conduct your own research and consult a financial expert before making any investment decisions.
#EURJPY #forex #trading #forextrading #technicalanalysis #chartanalysis #bearish #sell #short #downtrend #supportlevel #riskmanagement
Technical analysis indicates that EURJPY is currently on the verge of a free fall towards 161.
Broken Uptrend: EURJPY recently broke below its long-term uptrend line, signaling a probable trend reversal to the downside.
Head and Shoulders Pattern: The EURJPY chart is currently forming a bearish head and shoulders pattern, providing strong confirmation for the continuation of the downtrend.
Rising Risk Indicators: Risk indicators like VIX are rising, indicating increasing market tension and potential for heightened volatility.
Key Support Levels:
161: The first key support level lies at 161. A breach of this level could send EURJPY plummeting towards 155 and 150.
155: The next support level is located at 155. If EURJPY breaks below 155, it could head towards 145 and 140.
This analysis is provided for educational purposes only and should not be construed as investment advice.
Always conduct your own research and consult a financial expert before making any investment decisions.
#EURJPY #forex #trading #forextrading #technicalanalysis #chartanalysis #bearish #sell #short #downtrend #supportlevel #riskmanagement
Trade closed: target reached:
TP friends.✅❤️
enjoy you're profits 💸
enjoy you're profits 💸