Euro / Japanese YenShort
EURJPY- Sell on rallies (15 min trade setup)
EURJPY pared most of its gains on the weak Euro. It hit a low of 159.63 at the time of writing and is currently trading around 159.71.
Intraday bias remains bearish as long as resistance 161.20 holds. The recovery from 155.15 was completed at 163.49 and major bullishness was only above 163.89.
Indicator (15-min chart)
CCI (50)- Bearish
Average directional movement Index - Bearish.. All indicators confirm a bearish trend.
It is good to sell on rallies around 160 with SL around 161.20 for a TP of 158.10.
Intraday bias remains bearish as long as resistance 161.20 holds. The recovery from 155.15 was completed at 163.49 and major bullishness was only above 163.89.
Indicator (15-min chart)
CCI (50)- Bearish
Average directional movement Index - Bearish.. All indicators confirm a bearish trend.
It is good to sell on rallies around 160 with SL around 161.20 for a TP of 158.10.
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