EUR/JPY looks ready to challenge the downside again. A break below minor support at 144.29 will call for renewed downside pressure towards 142.56 and below here. It confirms the completion of the ending diagonal and a return to the origin of the ending diagonal at 133.36.
That said, we have to recognize that there is an outside chance for a final rally to a new high above 148.40 to complete the ending diagonal. If this scenario unfolds, than the rally to just above 148.40 will be very short-lived and the turn lower will be quick and swift.
Relevance up to 06:00 2022-11-25 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.
