EURJPY Final pump before a long-term sell.

The EURJPY pair is about to complete the long-term bullish leg it started within the Channel Up and has already hit the bullish target we set (see chart below) on February 16:


The price is now about to complete the final bullish leg to re-hit the top of the Channel Up and price the new Higher High before it gets rejected and start the new long-term bearish leg towards the bottom for the new Higher Low. It needs a 1D RSI Double Top at 70.00 to do that and in those terms it looks very similar to the August 02 - October 21 sequence.

The 1D MA50 (blue trend-line) has been supporting since March 29. When broken, it will be a (rather late) signal to sell. Our long-term target is the 1W MA50 (red trend-line) and we project contact to be made a 145.000.


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