EUR/JPY: SHORT From Resistance Area | Bearish Pattern | SELL

9 Sep 2022

The EUR/JPY, from 8 Jun '22 created a top of the market at the value of 144.250, this level became resistance until today. The price tried to go over this point without success in the recent past but a rebound each time with a reversal makes this resistance a solid area to not go over. Today the price approached again this area, as you can see we drawn also a Bearish Shark pattern to add value to our thesis about a new reject on the 144.250 area. We can see also the RSI is extremely overbought as in for the stochastic, all these clues let us think of a new Pushdown of the price.
The EUR/JPY, from 8 Jun '22 created a top of the market at the value of 144.250, this level became resistance until today. The price tried to go over this point without success in the recent past, but a rebound each time with a reversal makes this resistance a solid area to not go over. Today the price approached again this area, as you can see we have drawn also a Bearish Shark pattern to add value to our thesis about a new reject on the 144.250 area. We can see also the RSI is extremely overbought as in, for the stochastic, all these clues let us think of a new Pushdown of the price.