Euro / Japanese YenShort
EURJPY: Overbought Time To Sell
My previous prediction on the breakout played out perfectly
As you can see, the price is at a very solid resistance zone which also aligns with the 100% fib projection.
The RSI indicator also in the oversold zone, I believe a reversal from this zone could lead the price to drop towards the support level which is also an overlap support and also lines up with the 61.8% Fibonacci projection.
As you can see, the price is at a very solid resistance zone which also aligns with the 100% fib projection.
The RSI indicator also in the oversold zone, I believe a reversal from this zone could lead the price to drop towards the support level which is also an overlap support and also lines up with the 61.8% Fibonacci projection.
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