EUR/JPY short with the trend with a close SL
EUR/JPY D1 Expectations: Short trend and medium term long correction. The price has reached a zone of serious resistance and gives a signal for reverse. Current levels give a good opportunity for new short positions with the trend and a good risk/reward ratio Indicators: Price below 23.6% Fibonacci. Price above 50SMA and below 200SMA. DeMarker overbought. Sequential gives 9 for decrease. SL: 1.14 Alternative scenario: Verified break above 123.20, means a new high, a breakthrough 200SMA and probably will lead the price around 124
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