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EURJPY: Bearish Outlook Explained đŸ‡ȘđŸ‡șđŸ‡ŻđŸ‡”

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Euro/Japanska yen (OANDA:EURJPY)  
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OANDA:EURJPY   Euro/Japanska yen
Head and Shoulders Support and Resistance Multiple Time Frame Analysis EURJPY euro jpy japaneseyen yen priceaction forecast signals Contains image
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headandshoulders supportandresistance mtfa eurjpy euro jpy japaneseyen yen priceaction forecast signals containsimage
snapshot

After a test of a significant daily structure resistance,
EURJPY retraced and formed a head and shoulders pattern on a 4H time frame.

Before the market closed, the price violated its neckline and closed below that.
It is an important sign of strength of the sellers.

The pair may keep falling now to 156.7 support level.

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