EURJPY MONTHLY CHART 12/29/2019

Price has bounced off major resistance and is now working its way to test major support. The last four months price action has been counter-trend. As soon as the counter-trend (corrective) move is complete price should continue lower to test major support.

The next thing I do in my analysis is to move to the daily or 4 hour time frame to look for trade setups.

Note: EURJPY is the last of the 10 most volatile currency pairs. I am very interested in analyzing these 10 pairs for entry opportunities as they can provide the best money making opportunities.