Signal EURJPY Sell — H1 - July 16, 2026 12:17 GMT-4
The EUR/JPY H1 chart reveals a bearish reversal after a prolonged bullish trend. The price has formed a higher high and higher low pattern, but recent candles show a breakdown below key support levels. The last candle closed at 185.906, which aligns with a critical resistance level that failed to hold, triggering a downtrend. Volume on the entry candle was lower than preceding sessions, but subsequent candles displayed increased selling pressure, confirming the bearish move. The pair is now testing crucial support at 185.796, which, if breached, could extend the decline toward the TP. The current structure indicates a continuation…