EUR/JPY: SHORT after Double TOP on 50 Moving Average - SELL

25 Agu 2022

EUR/JPY, price uses the 50 Moving Average to rebound two times ( Local Double TOP ) before continuing in the direction of the main trend, the Downtrend. As you can see, this pair is moving inside a Bearish channel and we may see a new formation of a new lower low very soon. There is a Divergence on the Stochastic and the RSI is tuned bearish.