EUR/JPY Trade Idea

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.