![](https://static.wixstatic.com/media/a27d24_94cedfbd311d405aa12da907a902f037~mv2.png/v1/fill/w_49,h_28,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/a27d24_94cedfbd311d405aa12da907a902f037~mv2.png)
Weekly Time Frame:
![](https://static.wixstatic.com/media/a27d24_cc0a3123705a41539c58b16448384250~mv2.png/v1/fill/w_49,h_26,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/a27d24_cc0a3123705a41539c58b16448384250~mv2.png)
Daily Time Frame
EurJpy: Current Price 121.025, hovering around 121.000 key psychological zone if price breaks above we can anticipate 124.000 key psychological.
The monthly time frame is showing signs of a morning star reversal formation as it is testing strong areas of resistance with the cross of our weekly moving averages. Though we did close off a strong daily engulfing, we need to hold off for added confirmation/confluence for a clear directional bias.
(Risk management is key trade safe!)