EURJPY Long-term Directional Bias is Bullish

**Monthly Chart**

The long-term Directional Bias on the Monthly timeframe is still Bullish. However, the pair is approaching July -Aug of 2008 and I am expecting liquidity candles around that area between 168 and 170 level also MC levels.

Last month's candle closed higher suggesting the continuation of the bullish trend, followed by this monthly candle which opens relatively high and continues to move higher. This confirms that the direction is still bullish until we reach around 168 level.

**Weekly Chart**

Last week candle closed higher by forming a hammer-shaped candle suggesting the continuation of the long-term trend to be bullish in the upcoming weeks. There were good buying opportunities that an be seen clearly in the lower time frames.

**Daily Chart**

This week, I will be looking to buy on good retracements to demand zones on lower time frames in line with the bullish trend.