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ThinkingAntsOk

EUR/JPY about to start the downside movement by ThinkingAntsOk

Short
Euro / Japanese Yen (FX:EURJPY)  
ThinkingAntsOk  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis EUR jpy EURJPY analysis
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trendanalysis supportandresistance mtfa eur jpy eurjpy analysis
4H CHART EXPLANATION:

Price is facing the Daily Resistance Zone, showing some bearish signals. Also, in the 4h Chart, it has broken the Ascending Trendline. We are waiting for a lower timeframe confirmation to place short trades here. The potential short term target is the bottom of the ascending channel, and, if it is broken, then the Support Zone as explained below.

DAILY CHART:

snapshot
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