EUR/JPY close to major resistance, prepare to sell

Price is close to major resistance at 115.75 (Fibonacci retracement, Fibonacci projection, horizontal overlap resistance) where we expect a reaction from and a drop to 114.50.

RSI (34) has made a bearish channel exit signalling a bearish move is in being triggered.

Sell below 115.75. Stop loss at 116.34. Take profit at 114.50.


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