FX:EURJPY Euro Fx/Japanese Yen
After a significant rally its channel has broken and prices are heading lower. Resistance below 143 will hold.
Just a 10 period RSI. By drawing a line at the 50 mark you can see how the RSI stayed above 50 throughout the rally with a few "noisy" exceptions. The recent plunge brought price below the last significant swing at 142.80 and I see this small bounce coming to an end shortly. I see the selloff moving to the area of 139.50.