Live monitoring of the Descending Triangle setup on EUR/JPY. See where price is heading.
Bearish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
EUR/JPY is showing interesting structural developments at $184.69. Currently at $184.69, the asset is showing upward momentum (0.05%). The primary technical feature is a Bearish Flag formation. Volume is average (1.0x avg) with moderate trend strength (9.7). A potential breakout level is identified at $182.06, targeting $176.0 with support near $185.2 (R:R 1.93).
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