Overview of the pair on D1 charts
D1 chart of EURJPY shows current supports
- Price is currently approaching support made of previous turning points on the D1 chart
On the H4, we can see that price has completed a WRMB on the close of the previous week.
Price completed a WRMB on EURJPY as seen on H4 charts
- As price is currently close to support, any retracement to previous resistance of the 2 H4 boxes high in the form of a 1234 pattern could give us some opportunity.
The next supports can be seen clearly in the higher timeframe charts.
Next prominent support zone seen clearly in Weekly charts