EURJPY: Sell opportunity on the 1D MA200.

FX_IDC:EURJPY   Euro / Japanese Yen
The pair is trading within a long term Channel Down since January 2018. The indicators on the 1M chart ( RSI = 43.115, MACD = -1.830, Highs/Lows = -0.2436, ADX = 48.768) suggest that the price is approaching desirable sell entry levels.

On the 1D chart we see that the MA200 has been holding as a Resistance for more than a year (since October 2018), so since the price is now trading close we can consider it an optimal sell entry. Based on the one occurrence when the price crossed above the 1D MA200 (but still made a Lower High on the Channel Down and was rejected), the maximum upside limit is around 123.500. Our target is the 116.000 1W Support.

** If you like our free content follow our profile ( to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out