$EUR-JPY Analysis May 1, 2022
The price is showing some weakness recently and the bullish trend is getting messed up.
I'll be looking for short setups after the breakout of the trendline the OTE can be choppy especially because the price made many bullish key levels that might act as support when the price is falling.
one another confirmation this huge recent candle on 4h time frames shows high selling/supply pressure on the paired which might lead us to a further drop in price.
Good Luck!
I'll be looking for short setups after the breakout of the trendline the OTE can be choppy especially because the price made many bullish key levels that might act as support when the price is falling.
one another confirmation this huge recent candle on 4h time frames shows high selling/supply pressure on the paired which might lead us to a further drop in price.
Good Luck!
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