TheCryptagon

EURJPY 7month Channel Up looking for a correction.

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FX_IDC:EURJPY   欧元/日元
EURJPY is trading inside a Channel Up for the past 7 months, consolidating currently around the 1day MA50.

The Channel Down on the 1day RSI hints towards a possible price pull back, the same kind that took place in November-December and June-July 2022.

Both corrections touched the 1day MA200.

Sell and target 152.000 (projected contact with the 1day MA200).

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