EUR/JPY 1H Bearish Setup

Mar 13

This 1-hour EUR/JPY chart shows a clear bearish setup after a strong bullish trend broke. Price initially respected an ascending trendline but then broke it, forming a CHoCH (Change of Character) that signals a shift from bullish to bearish. The blue box marks a consolidation/supply zone where sellers dominated, and price dropped below the Ichimoku cloud, confirming bearish momentum. The target point is 182.40, aligned with the next support level and expected continuation of the downward move.

Mar 13

Trade active

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Mar 13

Trade closed: target reached

my given target has been successfully achieved