{"id":12224,"date":"2022-07-07T08:29:26","date_gmt":"2022-07-07T08:29:26","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12224"},"modified":"2023-05-11T08:31:18","modified_gmt":"2023-05-11T08:31:18","slug":"eurjpy-sell-opportunity-medium-term","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/07\/07\/eurjpy-sell-opportunity-medium-term\/","title":{"rendered":"EURJPY Sell opportunity medium-term"},"content":{"rendered":"

 <\/p>\n

The EURJPY pair has been on a long-term bullish trend since the May 2020 bottom, best illustrated with the help of the Fibonacci Channel on this 1D time-frame. The price broke yesterday below the 1D MA50 (blue trend-line) for the first time since May 25, ringing the first bearish bell. The second could come from the MACD indicator, which on the 1W time-frame is close to a Bearish Cross formation. This pattern above the 1.000 mark has signaled sell-off sequences at least on the medium-term towards the 1D MA200 (orange trend-line).<\/p>\n

In fact the price action leading to today is quite similar to September 2020. After a break below of the 1D MA50 and a re-test as a Resistance resulting in a rejection, the price dropped near the 1D MA200. Same to June 22 2021. As a result we are bearish targeting 134.100 and then turning bullish towards 144.00. However, a 1D candle close below the 1D MA200 will be a bearish signal, so be ready to reverse to a sell towards the 1W MA200 (red trend-line).<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/EURJPY\/isqFMlpV-EURJPY-Sell-opportunity-medium-term<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The EURJPY pair has been on a long-term bullish trend since the May 2020 bottom, best illustrated with the help of the Fibonacci Channel on this 1D time-frame. The price broke yesterday below the 1D MA50 (blue trend-line) for the first time since May 25, ringing the first bearish bell. The second could come<\/p>\n","protected":false},"author":611,"featured_media":12225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12224"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12224\/revisions"}],"predecessor-version":[{"id":12227,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12224\/revisions\/12227"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12225"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}