EUR/JPY Daily Chart Outlook

We can see EUR/JPY is currently trading around our long term resistance zone. We have highlighted our flat channel and marked key levels in the market. Price has been gravitating towards these levels and bouncing.

Scaling down to the 4hr timeframe we can see a short term support zone marked with a black horizontal line.
analysisEURJPYflatchannelForexfxaxelevelsParallel ChannelsupportSupport and ResistancetrendTrend Lines

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