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ThinkingAntsOk

EUR/JPY Approaching the the Target by ThinkingAntsOk

Euro / Japanese Yen (FX:EURJPY)  
ThinkingAntsOk  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis EUR jpy EURJPY LONG Bullish Patterns short Bearish Patterns analysis setup
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trendanalysis supportandresistance mtfa eur jpy eurjpy long bullish short bearish analysis setup
🔸 WEEKLY CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸 It is moving on a Descending Channel.
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🔸 The bullish move is about to face the Descending Trendline, so, we consider two options here. In case that price breaks the zone, then it has potential to make a pullback to the broken Ascending Trendline, and, if price bounces at the zone, then we could see a bearish move towards the Support Zone.
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🔸 Will look for a lower timeframe setup when the direction is clear.

🔸 4H CHART ANALYSIS:

snapshot

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