Hello and welcome to my Trade Idea of the currency pair EUR/JPY.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a strong bearish momentum with nearly no pullbacks.
Weekly: Weekly is very bearish too.
Daily: On the daily timeframe we draw the strong trendline.
H4: Here we draw the channel and the price has broken out. As well the price is under the very strong resistance area.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: We see on the monthly timeframe a strong bearish momentum with nearly no pullbacks.
Weekly: Weekly is very bearish too.
Daily: On the daily timeframe we draw the strong trendline.
H4: Here we draw the channel and the price has broken out. As well the price is under the very strong resistance area.
Have a nice day.