EUR/JPY trades at 176.20, maintaining a bearish outlook as the pair continues to track within a defined descending channel on the daily chart.
The currency cross holds above 176.00 but remains within a descending channel pattern, indicating a clear bearish bias.
The EUR/JPY currency pair trades at 176.20, marking a second consecutive day of gains. Despite the short-term strength, technical indicators confirm a persistent bearish bias as the pair remains confined within a descending channel pattern.
The outlook remains bearish as the currency cross continues to trade within a descending channel pattern on the daily chart.