Short

EUR/JPY - POSSIBLE BEARISH TREND

Updated

Daily chart: Look for price reject SMA 200, bearish confirmation candles, and closing below the most recent support level.

The pair has been trending downward on the daily chart.
Price is making lower highs and lower lows.

Price recently rejected EMA21 in a downward path.

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Looking for rejection of MA 50, for price reversal to the downside.

Note

Price is still in a downtrend, but in a consolidation phase. Wait for any bearish signal confirmation before entry

TacticalTrade

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