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yacine.ouldchikh

Short EURJPY - Testing important monthly resistance area

Short
Euro / Japanese Yen (FX:EURJPY)  
yacine.ouldchikh  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis Chart Patterns Technical Indicators EURJPY eurjpyshort eurjpysignal eurjpytrade fx Forex
3
0
trendanalysis chartpattern indicator eurjpy eurjpyshort eurjpysignal eurjpytrade fx forex
Short EURJPY - Testing important monthly resistance area

- Trading on top-end of long-term symmetrical triangle pattern in monthly chart
- JPY is gaining momentum
- Stochastics is overextended and is in overbought territory
- RSI looks weak and is hovering around the 50 level with consistent lower highs.

Entry: 126.20
Stop loss: 127.4 (120 pips)
Target: 124 (220 pips)

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