FX:EURJPY Euro Fx/Japanese Yen
recent market bias is in a downtrend following the recent touch of the upper channel (weekly TF). Price action is indicative of a large subsequent to the formation. Price is currently basing at neck line (however we seem to be making new lower highs this is further confluenced by MA cross over). A strong close below the neckline and daily ascending TL would guarantee (almost) a nice short move down to the region of 136.5 which is the base of the most recent valid demand (red zone) and is further validated by the range length of the bottom (which ive duplicated down to .