Long term Target is bullish because of the head and shoulder But for now we bearish till channel is broken(we at major resistance and all Jpy pairs a bearish)
EURUSD giving us another oppertunity to get Good entry with a Double Top on peak of Right shoulder.
Pin Bar on Daily Weekly Demand zone in key area H1 already broken out odf down trend
Weekly pivots usually move price futher down for week if it price finds resistance at R1,therefore its a good confirmation for short.
Option1:this would be more likely as its currently on the pivot area for price to go short for week(meaning the breakout was False) then price would come back to bearish channel.. Option2: would be price retesting the broken resistance to confirm support