EURJPY - Intraday - We look to Sell at 123.50 (stop at 123.90)
The gap open from 122.66 to 122.87 has now been closed. Immediate signals are hard to interpret. Bespoke resistance is located at 123.25. Ichimoku cloud resistance comes in at 123.50. The rally is close to an exhaustion count on the intraday chart. Preferred trade is to sell into rallies. Our profit targets will be 121.50 and 120.70