EURJPY: Strong sell opportunity.

EURJPY hit the top of the long term Channel Up that started more than a year ago (March 2022) and is getting rejected so far. With the 1D technicals still green (RSI = 63.286, MACD = 1.680, ADX = 49.495) this indicates that the trend remains bullish so we will sell and initially target the 1D MA50 (TP = 153.000). The reason is that it has been unbroken since April 6th. If the price closes a 1D candle under it, then we will take another sell and target the 0.5 Fibonacci retracement (TP = 149.000). Otherwise every 1D MA50 hit is a buy.

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