EUR/JPY has now broken nicely below the ending diagonal support line calling for a continuation lower to the origin of the ending diagonal at 132.66. Short-term we expect a re-test of the broken support line near 142.57. The former support line should now act as resistance. Once the temporary setback is complete, renewed downside pressure will push the price towards the 132.66 target.
On the way down to 132.66, support is seen near 138.46 and 134.89.
Relevance up to 07:00 2022-12-07 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
