EURJPY SELL

EURJPY

Towards the end of the week, the EURJPY currency pair experienced a significant and forceful move to the downside. In the event that this downward momentum retraces and tests the 38.2 level without surpassing it, there is a possibility that the downtrend may persist and continue to exert its influence on the market.

Alternative Scenario:
If the buyers in the market manage to gather enough strength to push the price above a certain level, we could witness a potential retest of the 23.6 level, which may result in a bullish trend.