ashevs89

EUR/JPY D REVIEW 04/01/2015

FX:EURJPY   Euro / Japanese Yen
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As we can see the RSI passing back through previous resistance which tried to hold as support and failed now it is currently moving towards 50 line, this line in the past had held up as support. if it breaches and moves below indicates a bearish signal.
If it can hold or recapture the line with uniform activity = Bullish signal.
Our main MACD is moving closer to Zero line and if passes will also indicate a bearish signal.
Secondary MACD has past through Zero and Tried to recapture but failed, again another bearish signal.
HOWEVER Secondary MACD is currently sitting on a previous support level.
If this support level holds true, RSI cannot pass 50 and our main MACD hold Zero then we may see some upside movement.

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