EUR/JPY IDEA
as we can see here on the EUR/JPY chart that the market has been in a longterm downtrend, and has been breaking lower highs and lows. however, as of now, the market has bounced off a strong support level twice and has tested each time moving to the upside and testing the same resistance level each time. due to this type of pattern, we are going to be expecting a potential double top pattern forming, once the market gets back to the major support area. so, for now, we are going to be watching this market and waiting to see if the market is rejected at that level ad creates strong enough structure for us to then look for new upside movements.
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