EUR/JPY: Bearish momentum remains, target at 160.31

Columns：Forex insights and analysis author：BTCZXW time：2024-08-27 21:37:45

🌈🫴👏Welcome to Bitcoin's free mining platform🌈🫴👏

🕯Mining tokens, completing challenges and getting crazy rewards will greatly enhance your gaming experience! Unleash the power of your team! Build a strong team and have more fun!

📱Enter the Telegram applet: @btcagg_bot

📱Follow the Telegram channel: @btcagg

✅Hurry up and start developing your BTC elite team, earn more BTC coins, and make you richer!

The bearish momentum of EUR/JPY remains unabated, with a target of 160.31

According to analyst Scott Buckley, EUR/JPY is currently in a downward channel and may fall further. The specific analysis is as follows:

欧元/日元 1 小时图

1. The current exchange rate is at 161.07, which has broken through the slope support level.

2. The currency pair may continue to fall to the ATR (average true range) target of 160.31.

3. Pay attention to the trend of the US dollar index, as it may have an impact on EUR/JPY.

4. The average daily volatility of EUR/JPY is 186 points per day, and the 90-day average is 160 points per day.

In general, analysts believe that the downward trend of EUR/JPY is still continuing, and investors need to pay close attention to relevant developments and operate with caution.

🌈🫴👏Bitcoin's free mining platform🌈🫴👏

🕯 Mining BTC coins, completing challenges, and earning crazy rewards will greatly enhance your gaming experience!
Unleash your team power! Build a strong team and enjoy more fun!

Official certification platform