EUR/JPY struggles to regain momentum, trading near 177.50 as technical analysis points to a sustained bearish trend within a descending channel.
Technical analysis shows a descending channel pattern and ongoing bearish bias, with the cross trading around 177.50 near the nine-day EMA.
The Euro-Yen cross remains under pressure, trading near 177.50 during Monday's Asian session. Technical indicators confirm a persistent bearish bias as the pair continues to track within a defined descending channel pattern on the daily chart.
The pair maintains a bearish bias as it continues to trade within a descending channel pattern on the daily timeframe.