EURJPY hourly alaysis

SELL

The primary trend of EURJPY is bullish on charts. In its hourly chart, the pair is not sustaining at higher levels and consolidating with strong negative bias to show bearish movement. Its 30 and 200 DMA are also providing resistance to the prices supporting the further downtrend.
If it breaks its support level of 135.25 & sustains below it then it is expected to show further bearish movement in next few days.


STRATEGY:- EURJPY is looking bearish on charts for next few trading sessions. One can go for sell on higher level strategy for this pair for intra day to mid term positions.

Looks like this double top pattern is starting to play out. Good call!