EURJPY

EURJPY has been very bullish but right now a trend change in the 4-hour timeframe.
From where the price is currently it’s looking more likely that price action will continue to fall.
Avoiding bullish buys on this pair for a while now, it looks overbought.
When we analyze price on the daily timeframe, we are currently sitting at a daily non-horizontal resistance level that could warrant a bearish reversal.
When scoping down to the 4H timeframe, the price is also sitting at a lower-timeframe resistance level. This overbought non-horizontal resistance level identifies a great opportunity for sell setups.
We've begun to violate the recent significant support level, showing some bearish movement. If this pair develops a more downtrend structure, I'll be looking for sell setups.