EUR/JPY trades at 179.20 as a four-day losing streak ends, though technical indicators suggest the pair remains confined to a bearish descending channel pattern.
EUR/JPY halted its four-day losing streak but remains confined within a descending channel, reinforcing a persistent bearish outlook for the pair.
The EUR/JPY currency pair halted a four-day decline, trading near 179.20 during Thursday's Asian session. Despite the brief respite, the pair remains trapped within a descending channel on the daily chart, signaling that the broader bearish trend remains firmly in control.
The pair maintains a bearish outlook as it remains confined within a descending channel pattern on the daily chart.