Euro-Yen Forming Major Bearish Reversal Pattern, Chart Shows -- Market Talk

Dow Jones

Feb 20, 2025

0217 GMT - The euro-yen pair is forming a major bearish reversal pattern, based on the daily chart, Oanda's Kelvin Wong says in an email. Its swing highs of Nov. 16, 2023, July 11, 2024, and Oct. 31, 2024, have formed an impending major bearish reversal "head and shoulders" pattern, the senior market analyst says. This follows the currency pair's break below the support on a former long-term ascending channel in August. The 155.45 level marks the support on the neckline of the head and shoulders pattern, Wong notes. A daily close below that level could open the scope to trigger a major multimonth downtrend that may expose the next medium-term support levels of 151.00 and 145.60, the analyst adds. EUR/JPY is 0.6% lower at 156.98. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 19, 2025 21:17 ET (02:17 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2512465890"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2512465890\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2512465890?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-20 10:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2512465890","market":"us","top_or_hot":-1,"title":"Euro-Yen Forming Major Bearish Reversal Pattern, Chart Shows -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0217 GMT - The euro-yen pair is forming a major bearish reversal pattern, based on the daily chart, Oanda's Kelvin Wong says in an email. Its swing highs of Nov. 16, 2023, July 11, 2024, and Oct. 31, 2024, have formed an impending major bearish reversal \"head and shoulders\" pattern, the senior market analyst says. This follows the currency pair's break below the support on a former long-term ascending channel in August. The 155.45 level marks the support on the neckline of the head and shoulders pattern, Wong notes. A daily close below that level could open the scope to trigger a major multimonth downtrend that may expose the next medium-term support levels of 151.00 and 145.60, the analyst adds. EUR/JPY is 0.6% lower at 156.98. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 21:17 ET (02:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Euro-Yen Forming Major Bearish Reversal Pattern, Chart Shows -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuro-Yen Forming Major Bearish Reversal Pattern, Chart Shows -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-20 10:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0217 GMT - The euro-yen pair is forming a major bearish reversal pattern, based on the daily chart, Oanda's Kelvin Wong says in an email. Its swing highs of Nov. 16, 2023, July 11, 2024, and Oct. 31, 2024, have formed an impending major bearish reversal \"head and shoulders\" pattern, the senior market analyst says. This follows the currency pair's break below the support on a former long-term ascending channel in August. The 155.45 level marks the support on the neckline of the head and shoulders pattern, Wong notes. A daily close below that level could open the scope to trigger a major multimonth downtrend that may expose the next medium-term support levels of 151.00 and 145.60, the analyst adds. EUR/JPY is 0.6% lower at 156.98. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 19, 2025 21:17 ET (02:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0031619046.USD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512465890","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512465890","pubTimestamp":1740017820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0217 GMT - The euro-yen pair is forming a major bearish reversal pattern, based on the daily chart, Oanda's Kelvin Wong says in an email. Its swing highs of Nov. 16, 2023, July 11, 2024, and Oct. 31, 2024, have formed an impending major bearish reversal \"head and shoulders\" pattern, the senior market analyst says. This follows the currency pair's break below the support on a former long-term ascending channel in August. The 155.45 level marks the support on the neckline of the head and shoulders pattern, Wong notes. A daily close below that level could open the scope to trigger a major multimonth downtrend that may expose the next medium-term support levels of 151.00 and 145.60, the analyst adds. EUR/JPY is 0.6% lower at 156.98. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC","BK4161":"工业机械","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","LU0823414478.USD":"法巴经典能源转换基金","IE00BFMHRM44.USD":"NEUBERGER BERMAN GLOBAL EQUITY MEGATRENDS \"A\" (USD) ACC","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","PEGI":"Pattern Energy Group Inc.","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","GTLS":"查特工业","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC"},"translate_title":"图表显示，欧元兑日元形成重大看跌反转形态——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PEGI":1,"GTLS":1},"content_text":"0217 GMT - The euro-yen pair is forming a major bearish reversal pattern, based on the daily chart, Oanda's Kelvin Wong says in an email. Its swing highs of Nov. 16, 2023, July 11, 2024, and Oct. 31, 2024, have formed an impending major bearish reversal \"head and shoulders\" pattern, the senior market analyst says. This follows the currency pair's break below the support on a former long-term ascending channel in August. The 155.45 level marks the support on the neckline of the head and shoulders pattern, Wong notes. A daily close below that level could open the scope to trigger a major multimonth downtrend that may expose the next medium-term support levels of 151.00 and 145.60, the analyst adds. EUR/JPY is 0.6% lower at 156.98. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 19, 2025 21:17 ET (02:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}