Forex 2.00
Posted June 23, 2026

EURJPY

Sell
SELL
Entry Price
184.4000

Signal Details

Direction
Sell
Entry Price
184.4000
Risk: Reward
1:1.3

Trade Levels

Stop Loss
185.0000
Take Profit 1
184.4000
Take Profit 2
183.6000

Technical Chart

Market Analysis

EUR/JPY extended the fall following the release of weaker-than-expected German PMI data. The current price action signals suggest that a short-term bearish trend remains intact

Key Indicators

  • Momentum indicators favour downside over upside, increasing the appeal of further downside.

  • An RSI of 40 indicates selling pressure, but it is not oversold yet.

Fundamental Context

The euro remains under pressure versus the Japanese yen. Germany's June PMI data comes in below expectations, with weakness driven by the services sector. Germany's Services PMI declined to 46.8 in June 2026 from 48.1 in May.

Risk Alert

The currency pair remains vulnerable to further losses if the bearish sentiment persists.

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