- August 9, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURJPY pair has been trading exactly as the plan we first posted here a month ago:
As you see, the break below the Channel Up, along with the 1W MACD Bearish Cross, kick-started a sell sequence that eventually found Support and rebounded exactly on the 1D MA200 (orange trend-line). This continues to be a similar pattern with that of May – October 2020. As a result, when the 1D MA50 (blue trend-line) breaks, our target will be the Resistance Zone (144.00) with a long-term extension 150.00.