tayalsmith
Short

EUR/JPY BEARISH TODAY

FX:EURJPY   Euro / Japanese Yen
10 0 3
The current trend of EURJPY             is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts.
Support level of 123.12 and Resistance level of 123.85
On chart it made a symitrical triangle. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearsih movement in the pair.

INDICATORS:-
RSI is sustaining below 50 in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: On the down side break out of symitrical triangle on charts on can go for sell for next few trading session.
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