FX.co ★ Daily Video Analysis: EURJPY facing bearish pressure, potential reversal!

Today we take a look at EURJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bearish pressure as it continues to hold below descending trendline and moving average resistances, and MACD is holding below the 0 line. We could see further downside below Sell Entry, in line with 38.2% Fibonacci retracement, towards Take Profit, in line with 61.8% and -27.2% Fibonacci retracement levels.