EUR/JPY Trading Analysis (27/05/2025)
The trend is down. The ascending wave structure has been truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trade idea:
- Sell when the descending wave structure begins to form and wave A breaches the sloping channel of the truncated ascending structure.
- Stop-loss at 163.200.
- Price targets are 161.550 and 161.100.
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