EUR/JPY - 15 mins SELL

1 gru

1. Current Price Context:
The price is trading below a major resistance zone (highlighted in red).
It has broken out of a consolidation or smaller rising wedge, indicating bearish momentum.
Support Zone: There is a green demand zone below the current price, which is a potential target area for the sell position.

2. Confirmation for the Sell:

Bearish Confirmation
RSI: Trending below 50, confirming bearish momentum without signs of bullish divergence.
MACD: Bearish crossover indicates downside continuation.
Stochastic: Overbought and turning downwards, reinforcing sell signals.