EUR/JPY: Short-term bearish

FX:EURJPY   Euro / Yen Japonais
The EUR/JPY currency pair is in a long-term bullish trend , but recently saw a short-term bullish trend This indicates that the market is now in a bearish trend , and presents an opportunity for short-term traders to enter a short position.

Our analysis shows that the 142.80-143.00 level represents a key resistance point, as it forms an equal high on the chart. We anticipate that the market will face resistance at this level and traders can use this as a potential entry point for short positions. The target for this trade could be 138.00 and 134.00.

It's important to keep in mind that all investments carry risk and to conduct your own research before making any trading decisions.

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