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.
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.