EURJPY
π‘The analysis shown in the chart displays a technical analysis of the EUR/JPY currency pair on the 4-hour time frame, with a descending price channel and defined support and resistance lines.
Possible scenarios: Downward breakout of the channel: If the price breaks the S.1 level and heads towards S.2, the downtrend will continue. Bullish Bounce: If the price maintains support at S.1 or rises above P.P, there may be a correction towards R.1. MACD indicates weak selling momentum currently, which may support the possibility of a price rebound.
βοΈIt is not investment advice for educational purposes only.
Possible scenarios: Downward breakout of the channel: If the price breaks the S.1 level and heads towards S.2, the downtrend will continue. Bullish Bounce: If the price maintains support at S.1 or rises above P.P, there may be a correction towards R.1. MACD indicates weak selling momentum currently, which may support the possibility of a price rebound.
βοΈIt is not investment advice for educational purposes only.
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