EUR / JPY: medium-term upward movement.
Two consecutive tops of the same horizontal resistance.
The price went under the bar who tried to break the resistance 138.86 - a negative signal
Price action: Formation Dark-Cloud Cover - bearish reversal formation, the price went below the middle of the current bar, giving a sell signal with stop 139.07. The bar still has not closed, can mislead us, it is better to wait for the time around the end of the bar for secure signal.
Sentiment: You can see the shifting of assets to safe havens JPY, after the sale of equity markets.
Stefan D. Angelov - Head of Stocks Trading
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