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ProFX_Strategist
May 30, 2016 10:05 PM

Broke Out... Long

Euro Fx/Japanese YenFXCM

Description

This pair is somewhat interesting because it has broke-out (passed the cloud-resistances; most notably the dark-red MA)...

The MACD/AO is currently bullish... But the RSI is nearing the overbought zone (so beware that price may want to pullback...)

Last but not the least, the bright-green MA is looking "quite desperate" to chase after that bright-red MA now (as you can see) & "perhaps it's like trying really very hard to cross-over it"; which will form a bullish signal then...; but if it can't cross-over, then do anticipate price pullback (& probably retest of the cloud-resistances below) then...

Best regards.
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