EURJPY trying to consolidate below 200 SMA at H1 chart

The EURJPY is trying to stay above the 200-day moving average on the H1 chart, but it seems that the bears are taking control of the current trend of this pair.

Now the EURJPY is forming a lower low pattern above the support level of 146.48, where the pair is trying to erase the gains he had obtained in previous days above the 200 SMA. If successful, it would be expected to fall to the level of 146.25 in the short term.

The MACD indicator is moving into negative territory.

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