EUR/JPY's hourly chart is reporting a rising channel breakdown.*Friday's bearish pin bar is still valid with the pair trading well below 122.65.
EUR/JPY's pullback from Friday's high of 122.65 could gather pace, as the hourly*chart*is reporting a rising channel breakdown.*
The hourly relative strength index (RSI) is also reporting an ascending channel breakdown, signaling a continuation of the drop from Friday's high.*
The pair risks falling to the hourly chart support of 121.77. At press time, EUR/JPY is trading largely unchanged on the day at 122.03, which means Friday's bearish pin bar candle, which hit*a high of 122.65, is still valid.*
The immediate bearish case would weaken if the pair finds acceptance above 122.23.*


Thread: 
Thanks
Currently Active Users
Forex Forum India Statistics