EURJPY- Sell on rallies (15 min and one hour trade set up)

EURJPY pared most of its gains made on yen weakness. Intraday trend is weak as long as the resistance 163.50 holds.


Indicator (1-hour chart and 15 min chart )

CCI (50)- Bearish (both 15 min and 1-hour chart)

ADX- bearish (both 15-minute and 1-hour chart)

It is good to sell on rallies around 162.38-40 with SL around 163.50 for a TP of 160