Live monitoring of the Rectangle setup on EUR/JPY. See where price is heading.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Market participants tracking EUR/JPY should note the latest formation. Currently at $184.89, the asset is showing downward momentum (-0.72%). Our AI has detected a valid Descending Triangle pattern. Volume is average (1.0x avg) with moderate trend strength (14.7). A potential breakout level is identified at $183.93, targeting $181.55 with support near $186.3 (R:R 1.0).
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