Based on the analysis, the EUR JPY is forming bearish candles after making a higher high. We can see a rising wedge being formed alongside the divergence on RSI, indicating that that it is likely to reverse its trend.
The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair if price breaks the last higher low , with the stop loss just above the last higher high.
The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair if price breaks the last higher low , with the stop loss just above the last higher high.