EUR/JPY Sell Momentum BuildsEUR/JPY has officially transitioned into a sell-side trend following clear exhaustion of its previous bullish cycle. The market structure shows consecutive lower highs and strong downside displacement, confirming that sellers are now in control of short-term momentum.
Recent liquidity sweeps above prior highs were quickly rejected, signaling institutional distribution and profit-taking. Order flow dynamics continue to favor the downside, with bearish impulses showing higher efficiency than any corrective rebounds.
Momentum and sentiment both align with sustained selling pressure. The pair is operating within a redistribution phase, and the market tone remains defensive as participants seek lower value zones.
Overall outlook: Bearish bias remains dominant. The market is expected to extend lower while maintaining controlled volatility until meaningful demand re-enters the market.
