EUR/JPY: Short mid-term movement
Short-term correction at dinamic resistance levels at 50EMA
20 EMA is below 50 EMA which indicates that the mid-term movement is still negative
Higer tops and lower bottoms at the price tendency.
Two equal candles - the max of the last two candles - negative signal
CCI(50) is below 0, RSI goes below 50 - Negative signal for a possible new downward movement.
A risky short-term position with a short stop
SL: 113.88
Stefan D. Angelov - Head of Stocks trading
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