On the 1H chart, EURJPY has broken below both the trendline support and the 200 EMA, signaling a clear shift in market sentiment toward the bears. The recent drop confirms sellers are in control after price failed to sustain near the FVG zone.
Fib extensions suggest the next downside targets are 170.55 (1.618 Fib) and 169.96 (Fib 2.0). A clean break below these could accelerate momentum toward deeper lows.
📉 Bias – Bearish
📍 Key Resistance – 200 EMA & 172.62 zone
🎯 Target Levels – 170.55 → 169.96
Fib extensions suggest the next downside targets are 170.55 (1.618 Fib) and 169.96 (Fib 2.0). A clean break below these could accelerate momentum toward deeper lows.
📉 Bias – Bearish
📍 Key Resistance – 200 EMA & 172.62 zone
🎯 Target Levels – 170.55 → 169.96
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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.