shankaramotay
Short

North or South?

FX:EURJPY   Euro Fx/Japanese Yen
53 0 1
- Being overbought, could be false channel breakout
- If it's breakout, then target resistance 116.145
- If not breakout it will retrace to support 114.097

Signs of false breakout:
- Overbought on RSI (red), and if break the trend line it will be a confirmation of false breakout
- Price retraced on the channel, being false breakout (green)
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