EURJPY Long-term Trend: Bearish

[Fxproooo]

EURJPY is bearish on the long-term outlook. The currency pair was under the bullish pressure for more than two weeks. The bullish momentum pushed up the price and the supply levels of $$121, $122, and $123 were penetrated to the upside. An evening Doji candle pattern was formed at the supply level of $123; this is a bearish reversal candle pattern. This candle pattern triggered the downtrend of the price towards the demand level of $120.

 

[rogerfx]

Sounds like a good trading plan. Hope it turned out as profit for you.

 

[j3trade]

I like the analysis, I am monitoring that pair and it seems to me that what you say can be fulfilled.