EURJPY keeps following our plan. Strong buy ahead.


The EURJPY pair has been trading exactly as the plan we first posted here a month ago:

EURJPY Sell opportunity medium-term

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.

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