EUR/JPY Downside Move Coming
🔸4H CHART EXPLANATION:
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🔸Price bounced at the Daily Resistance Zone.
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🔸It has broken the Ascending Channel.
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🔸We are waiting for a breakout of the Support Zone to the downside before considering short positions on this pair.
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🔸 Will look for a lower timeframe bearish setup if the zone is broken.
🔸DAILY CHART ANALYSIS:
.
.
🔸Price bounced at the Daily Resistance Zone.
.
🔸It has broken the Ascending Channel.
.
🔸We are waiting for a breakout of the Support Zone to the downside before considering short positions on this pair.
.
🔸 Will look for a lower timeframe bearish setup if the zone is broken.
🔸DAILY CHART ANALYSIS:
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