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November 27, 2024

EUR/JPY Shows Continued Downtrend Towards Critical Support Level

The EUR/JPY pair exhibits continued losses, trading around 159.60 during early trading hours. Technical analysis indicates a bearish trend, remaining within a descending channel. Observers note the persistence of selling pressure on this cross. As the pair approaches the lower boundary, traders must evaluate their positioning carefully. Understanding these trends can guide effective risk management strategies. To navigate these types of market dynamics, staying updated on technical signals remains key.

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