EUR/JPY below major resistance, prepare to turn bearish

Price made a perfect push up as expected with our inverse head and shoulder reversal and is approaching price target. We turn bearish below 115.00 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down first to 114.20.

RSI (34) is approaching major resistance at 75%.

Sell below 115.00. Stop loss at 115.40. Take profit at 114.20.

The material has been provided by InstaForex Company - www.instaforex.com

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