Price momentum made a new low on 9 April 2025. There is a positive expectation in fading the first bounce after with at least a target to retest that last swing low. A possible extension past it and start of a new leg lower also can occur as momentum tends to lead price.
The EURJPY pair is showing signs of exhaustion at current levels, with technical indicators suggesting a potential reversal. Negative momentum which is peaking again and declining from the zero level favour short positions. Entry around current market price with a tight stop offer a favorable risk-reward ratio. The target of 158.7 aligns with a previous support level.
