Signal EURJPY Sell — M15 - June 17, 2026 02:17 GMT-4
On the EUR/JPY M15 timeframe, the recent price action reveals a clear downtrend with key support levels at 186.268 and 186.296, both marked by lower closes and declining momentum. The last three candles show a consolidation phase following a prior high of 186.305, with volume contraction indicating weakening bullish pressure. A sharp decline from 186.296 to 186.268 (1781667900) suggests potential exhaustion of the uptrend, while the subsequent candle (1781667000) fails to sustain higher prices, confirming bearish sentiment. The current formation appears to be a bearish engulfing pattern, where the recent candle's low at 186.268 breaches the prior support, signaling a…