📉 EUR/JPY edges lower to 156.38 (-0.22%) as sellers pressure key support.
🔎 Technical Setup:
156.00 major horizontal support holding for now.
Bearish bias intact below 50-day EMA (160.08) & 200-day EMA (161.87).
Break below 156.00 could open downside toward 152.50-153.00.
📊 Momentum Indicators:
RSI at 36.62 → Not oversold yet, but approaching key levels.
MACD remains bearish, confirming ongoing downside pressure.
⚠️ Key Levels to Watch:
Bulls must defend 156.00 or risk further selling pressure.
A break & close below 156.00 could accelerate losses toward 152.50.
Bulls need a reclaim of 158.50-160.00 for trend reversal.
🚀 Decision point for EUR/JPY – will 156.00 hold?
📌 Watching daily close for confirmation.
- MW
🔎 Technical Setup:
156.00 major horizontal support holding for now.
Bearish bias intact below 50-day EMA (160.08) & 200-day EMA (161.87).
Break below 156.00 could open downside toward 152.50-153.00.
📊 Momentum Indicators:
RSI at 36.62 → Not oversold yet, but approaching key levels.
MACD remains bearish, confirming ongoing downside pressure.
⚠️ Key Levels to Watch:
Bulls must defend 156.00 or risk further selling pressure.
A break & close below 156.00 could accelerate losses toward 152.50.
Bulls need a reclaim of 158.50-160.00 for trend reversal.
🚀 Decision point for EUR/JPY – will 156.00 hold?
📌 Watching daily close for confirmation.
- MW
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