EURJPY: Bottom of the Channel Down. Buy opportunity.
The EURJPY pair is bearish on its 4H technicals (RSI = 36.770, MACD = -0.190, ADX = 17.605) near the bottom of the 10 day Channel Down. The RSI is also inside a Channel Down but has more strength to lose before hitting its bottom. We may see a little more downside to it but on a 1 week horizon this is a buy opportunity (TP = 144.350) aimed at the top of the Channel Down.
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