EURJPY downward channel, is Yen fundamentally strong enough?

I haven’t been following the markets much, but EURJPY certainly is channeling at the moment. Looking at the Euro pair, EURUSD is currently channeling with not much movement.

However, EURJPY is currently in a downward channeling. Shorting will definitely improve the payout ratio with a tighter stop loss above the channel bound, but you can definitely capture the move the the lower bound.

EURJPY 1-Hour
EURJPY 1-Hour
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