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Sell EURJPY Narrow Channel

Short
Euro / Japanese Yen (FX:EURJPY)  
KABHI_FOREX_TRADING Updated   
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EUR jpy EURJPY eurjpyshort supportandresistancezones supply_and_demand channeltrend
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trendanalysis chartpattern indicator eur jpy eurjpy eurjpyshort supportandresistancezones supply_and_demand channeltrend
Sell EURJPY Narrow Channel

Market sentiment:

Recent gains: EUR/JPY has seen 3 consecutive days of upward movement, reaching a new weekly high. This might lead some traders to take profits and sell off.

Global recession concerns: Rising recessionary fears could push investors towards safe-haven currencies like the Japanese Yen, potentially weakening EUR/JPY.

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