EUR/JPY: FORECAST FUNDAMENTAL+PRICE ACTION|SHORT VIEW 🔔

The price touches the resistance forces of 130,000 and the forecast for the EUR/JPY remains bearish despite the massive sell-off, as inflationary pressures, supply chain disruptions and the delta variant of Covid-19 maintain downward pressure on the global economy. The Ichimoku Kinko Hyo Cloud applies bearish pressure. Traders should expect an increase in volatility before the sell-off resumes. The CCI has moved into extreme oversold territory, but a reversal is likely, with a lot of downside potential ahead. The same goes for stochastic.


Can bears maintain control over EUR/JPY and force more sales?