Euro / Japanese Yen

Short

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

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.

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