EUR/JPY Stays Below 183.00 as Bearish Momentum Persists
EUR/JPY weakened during Asian trading on Tuesday, remaining under the 183.00 level as technical indicators signal sustained bearish pressure.
EURJPY
The pair moved lower after posting modest gains the previous session, hovering near 183.80 in early Asia. Sellers are keeping a lid on the price with the 183.00 handle acting as resistance.
The 14-day Relative Strength Index (RSI) printed at 47.63, just below the neutral 50 mark. This reading points to ongoing downside momentum without yet entering oversold territory, leaving room for further declines.
Source: FXStreet Forex News