EUR/JPY posts a second day of gains but remains locked in a bearish descending channel, with traders eyeing the 177.50 barrier as the primary technical hurdle.
The pair is trading within a descending channel pattern, indicating persistent bearish momentum toward the 177.50 barrier.
The EUR/JPY currency pair maintains a bearish trajectory, trading near the 177.40 level during Friday's Asian session. Technical indicators confirm the pair remains trapped within a descending channel, signaling continued downward pressure in the short term.
The pair is exhibiting a persistent bearish bias as it continues to trade within a descending channel pattern on the daily timeframe.