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EUR/JPY – Bearish Impulse Wave Projection Targets 94.75

posted by Avatar FXTimes 315 days ago in EUR, JPY, Technical made popular 315 days ago

The EUR/JPY topped off last Friday (7/6), falling below the 98.30-98.50 range support area. This also breaks below a rising trendline seen in the daily chart that held a larger degree consolidation that followed a downtrend. The 4H chart shows the RSI swinging from 30 to 70 and now back to 30. It can confirm bearish momentum development if...
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