Bearish Continuation in Play
EUR/JPY is showing signs of continued bearish momentum on the H1 chart. Price has retraced into a supply zone around 171.377 – 171.566, offering a solid entry for sellers looking to capitalize on a downward move.
Trade Details
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Entry Zone: 171.377 – 171.566
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Stop Loss: 171.600
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Take Profit: 170.660
Trade Outlook
This setup anticipates a drop toward the previous demand at 170.660. Traders should watch for bearish confirmation within the entry range to time entries effectively.
