📊 EUR/JPY Weekly Analysis
🔍 Technical Insight by Shaker Trading
🔻 Bearish Market Structure:
Strong Descending Channel (Daily):
The pair is currently moving within a clear downward channel on the daily timeframe, reflecting continued bearish pressure.
Key Demand Zones (Daily):
Several strong demand areas are visible on the daily chart, which could serve as potential bounce points.
Overbought Signals on RSI & MACD:
Both the RSI and MACD indicators are showing signs of overbought conditions, suggesting the bullish momentum may be weakening.
📌 Trading Outlook:
We expect the bearish movement to continue. However, short-term pullbacks may occur from the demand zones before resuming the downtrend. Trade with caution and wait for confirmation signals.
🔥 Copy Trading for Free
Let our team handle the trades while you sit back and watch the results – totally free of charge.
🔍 Technical Insight by Shaker Trading
🔻 Bearish Market Structure:
Strong Descending Channel (Daily):
The pair is currently moving within a clear downward channel on the daily timeframe, reflecting continued bearish pressure.
Key Demand Zones (Daily):
Several strong demand areas are visible on the daily chart, which could serve as potential bounce points.
Overbought Signals on RSI & MACD:
Both the RSI and MACD indicators are showing signs of overbought conditions, suggesting the bullish momentum may be weakening.
📌 Trading Outlook:
We expect the bearish movement to continue. However, short-term pullbacks may occur from the demand zones before resuming the downtrend. Trade with caution and wait for confirmation signals.
🔥 Copy Trading for Free
Let our team handle the trades while you sit back and watch the results – totally free of charge.
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.
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.