EURJPY Market Analysis and Trading Strategies.
*Personal Opinion
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Waveforms of each time leg
Weekly
Uptrend.
The price is currently rising toward a resistance line that may also be significant on the weekly chart.
Daily
The larger trend is upward.
The price is currently moving around the middle of the ascending channel.
4-Hour
The larger trend is upward.
The price has currently reached the upper boundary of the range and is being capped.
1-Hour
Uptrend.
The starting point of the recent sharp decline is acting as resistance, capping the upside.
Trade Strategies
Considering a pullback buy near the lower boundary of the 4-hour ascending channel and the swing low line that formed the recent high.
Currency Strength
【EURUSD】4H
EUR>USD
【GBPUSD】4H
GBP>USD
【USDJPY】4H
USD<JPY
【EURJPY】4H
EUR>JPY
【GBPJPY】4H
GBP>JPY
【EURGBP】4H
EUR>GBP
USD<JPY<GBP<EUR
