Key Indicators
Channel top was noted, with rising price and falling volume. No backtesting of the previous high has occurred. Bearish divergence was observed on the oscillator in the 4-hour timeframe.
EURJPY recovered marginally after plunging to a new session low of 184.35. As of this writing, the currency pair is trading above 184.60. However, the overall trend is bearish following early strong selling pressure.