Euro / Japanese YenUpdated EURJPY 4HR Supply Demand Breakdown - Where do we go?
EURJPY closed in a Supply Zone whilst breaking a weak zone on its journey up.
From here there will be a reaction but where is it going? I cannot predict, no one can, but we can react.
The pair is still very much bearish based off this timeframe, you can see it dropped down in to a Demand Zone which was created way back and the reaction was clear to see.
Since then its been pushing up, it punched through a minor supply zone with very little reaction, but now its arrived at a place where I would expect to see a bigger reaction.
Monday will give a clearer idea of the pairs intentions and I will be down on the lower Timeframes taking the trades based off what the chart is telling me
From here there will be a reaction but where is it going? I cannot predict, no one can, but we can react.
The pair is still very much bearish based off this timeframe, you can see it dropped down in to a Demand Zone which was created way back and the reaction was clear to see.
Since then its been pushing up, it punched through a minor supply zone with very little reaction, but now its arrived at a place where I would expect to see a bigger reaction.
Monday will give a clearer idea of the pairs intentions and I will be down on the lower Timeframes taking the trades based off what the chart is telling me
Note
EJ failed to break in to a bullish movement and the pair dropped to the 4hr Demand we had marked out. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.