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EUR/JPY back on the Downtrend by ThinkingAntsOk

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Euro/Japanska yen (FX:EURJPY)  
ThinkingAntsOk  
FX:EURJPY   Euro/Japanska yen
Trend Analysis Support and Resistance Multiple Time Frame Analysis EUR jpy EURJPY short Bearish Patterns analysis signal
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trendanalysis supportandresistance mtfa eur jpy eurjpy short bearish analysis signal
4H CHART EXPLANATION:

- Price is on a downtrend after bouncing at the Daily Resistance Zone.
- It has been on a corrective move for the past days.
- However, the supply zone at 121.00 did not allow the price to continue moving up.
- Now, we consider there is bearish potential towards the support zone.
- Will look for a lower timeframe bearish setup.

snapshot

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