EURJPY Technical Outlook – Potential Bearish Reversal Ahead
EURJPY is currently in a strong uptrend, with no immediate signs of reversal. Price action remains bullish, and the pair continues to rise in a clear, structured manner.
However, EURJPY is approaching a major resistance zone near 173.000, which is also close to its all-time high levels. This area could act as a strong supply zone, increasing the possibility of a bearish reversal or corrective move.
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EURJPY is currently in a strong uptrend, with no immediate signs of reversal. Price action remains bullish, and the pair continues to rise in a clear, structured manner.
However, EURJPY is approaching a major resistance zone near 173.000, which is also close to its all-time high levels. This area could act as a strong supply zone, increasing the possibility of a bearish reversal or corrective move.
You may see more category in chart If you like this idea if you have on opinion about this analysis share in comments Thanks for understanding.
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✅Join my Telegram Channel
t.me/Trade_With_Kb1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.