EURJPY contunues a downtrend

Euro continues to weaken against the Japanese Yen amid geopolitical situation (Yen is a safe haven for the Asian region) and rising yields of 30-year bonds for Japan.

The situation will be more clear on Friday (scheduled block of economic publications for Japan), but even now the price aciton moves in a dowtrend, and consolidates in a coil, which may transition to a wider extension of the downward impulse as shown at the chart.

Don't forget - always DYOR and manage your risk!