EURJPY 4-hour chart analysis at 22:15 on 2023/03/24

EURJPY-cd 4-hour chart at 22:12 on 3/24 (Fri)

Downtrend

Since RSI is in stage 4, there is a possibility that the downtrend will continue in the long term as well.

Because the 200-period EMA on the 4-hour chart is declining and currently below the price,

the tendency to sell is strong.

As Bollinger Bands are below 2 standard deviations and the 1-sigma band is expanding,

the tendency to sell is strong.

However,

the standard deviation range and the ADX are also rising, so the selling tendency is judged to be strong.