Analysis: - EURJPY is approaching major resistance on the Daily (blue zone) - RSI Bearish Divergence has formed - Blue zone is also the 61.8% fibs reversal point - Look for the trendline to break near the blue zone as confirmation for entry short
@Mairita, [1] Price is currently inside resistance (blue zone) and [2] RSI has not broken the downtrend line.
So best trade atm is a sell with SL just above the recent high, because if the high breaks it will probably go even higher (potential long trade if that occurs after a retest at the breakout point).