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EUR/JPY Bearish Forecast / Top-Down Analysis

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Euro / Iene Japonês (FX:EURJPY)  
ThinkingAntsOk  
FX:EURJPY   Euro / Iene Japonês
Trend Analysis Support and Resistance Multiple Time Frame Analysis EUR jpy EURJPY short Bearish Patterns analysis setup
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trendanalysis supportandresistance mtfa eur jpy eurjpy short bearish analysis setup
🔸4H CHART EXPLANATION:
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🔸Price made a double top pattern at the Resistance Zone.
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🔸It has broken the Ascending Trendline).
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🔸We observe that the Support Zone has been also broken. We consider that this pair has potential to make a downside move towards the next Support Zone at 120.500.
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🔸 Will look for a lower timeframe bearish setup.

🔸DAILY CHART ANALYSIS:

snapshot

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