EUR/JPY
The main trend of the pair is a downtrend but on 4 hours chart we can try an enter to an intra-day trade, a part of a technical correction up.
As seen on the chart, there is a diagonal support line which supporting the pair 4 times in the last 10 days.
The last 4 hours candle was a bullish one which crossed up the moving average 13, with that, the average of the RSI is above his 50 line.
For Forex traders:
Buy between the levels of : 123.50 – 123.70
Stop loss point : 123.00
Take profit point : 125.50.
For Binary options traders:
A call option between the levels of : 123.50 – 123.70
Expiry time : The end of May 19.
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