EURJPY – 24h expiry – We look to Sell at 145.55 (stop at 146.20)
Buying pressure from 143.62 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Daily signals for sentiment are at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We look to sell rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 143.70 and 142.90
Resistance: 146.05 / 148. 40 / 151. 40
Support: 142.90 / 141.60 / 140.00
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