EURJPY breakout confirms downside momentum
I see a confirmed breakout on EURJPY daily, pointing to further declines.
Multiple markets in focus
On EURUSD, the three-day chart shows a breakout attempt below a significant support zone. A daily close under that level would reinforce the bearish pressure and likely trigger a deeper selloff. The risk-reward on shorts remains attractive given the structural weakness.
EURJPY has already confirmed a breakout beneath a strong daily horizontal support. The probability of a continued decline is high. I am watching for a retest of the broken level before adding to shorts, but the momentum is clearly bearish.
GBPAUD is testing a confluence of a falling trendline and horizontal resistance. A rejection here would favor a retrace lower, but a clean breakout above would flip the bias bullish. I am waiting for confirmation before committing to a direction.
Silver is approaching a major historical demand zone on the daily chart. Given the oversold conditions, a bounce is likely. However, I would need to see a reversal pattern or strong buying volume before entering long—patience is key in this setup.
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