EUR/JPY Intraday Signal: Downside Expected Toward 172.27
EUR/JPY trades under pressure with the pivot resistance at 173.60 limiting upside potential. The RSI is below 50, showing bearish momentum. The MACD is positive but below its signal line and must break under the zero line to confirm extended downside. Price also trades below its 20-period moving average (173.53) but still above the 50-period (173.15), highlighting a mixed but leaning-bearish setup. If resistance holds, the downside scenario points to 172.70 and 172.27. A breakout above 173.60 would shift the focus to 174.05 and 174.32.
Enter: 173.40
SL: 173.60
Target A: 172.70
Target B: 172.27