The pair is trading near the 115.830 Support and as seen on the chart has bounced within the green zone 4 times already since March 9th
. This keeps the 1D chart bearish
but more towards the neutral zone ( RSI
= 39.014, MACD
= -0.520, ADX
= 45.239) indicating that we are near a Support. The price is under a Lower High trend-line since the January High, so we will take this opportunity to go long towards the 1D MA200 which has always been tested after every rebound. The Target Zone is depicted on the green Triangle.
Most recent successful signal on EURJPY:
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