EUR/JPY Bearish Setup: Rejection from 200 EMA

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EUR/JPY 1H Analysis 📉📊
Bias: Bearish 🔻
This EUR/JPY 1-hour chart suggests a bearish setup with potential downside movement. Here’s a breakdown of key elements:

🔍 Key Observations:
200 EMA Resistance 🚨

Price is struggling below the 200 EMA (158.383), a strong dynamic resistance.
Bears are defending this area, preventing further upside.
Supply Zone (158.319 - 158.383) 🟥

Price recently rejected from this key resistance zone.
Sellers stepped in aggressively, pushing price lower.
Bearish Market Structure 📉

Lower highs and lower lows are forming, confirming the downtrend.
A potential retest of resistance before another drop.
RSI Indicating Weakness ⚠️

RSI (51.59) is below overbought levels and sloping downward.
The 56.02 resistance on RSI suggests limited buying strength.
📍 Trade Setup Idea:
Entry: Around 157.70 - 158.00 (Possible retest zone)
Target: 156.25 - 156.00 (Major support area) 🎯
Stop Loss: Above 158.40 to avoid fakeouts ❌
📌 Summary:
Bearish Bias 🚨 as long as price remains under 200 EMA.
Expect a pullback before continuation to the downside.
156.00 Target looks achievable if sellers maintain pressure.
⚡ Trade cautiously & manage risk properly! 🚀 Let me know if you need more details! 🔥

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EUR/JPY Analysis Hit TP! 🎯🔥
The bearish setup played out perfectly as expected! 🚀

✅ Price rejected the 200 EMA and key resistance zone.
✅ Momentum shifted bearish, leading to a strong drop.
✅ Target at 156.25 - 156.00 hit successfully! 🎯

Patience + Execution = Profits! 💰 Who caught this move? Let me know! 📉🔥