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EURJPY: Sell Opportunity at Key Resistance Level

Corto
Euro/Yen japonés (OANDA:EURJPY)  
Fxprotrader  
OANDA:EURJPY   Euro/Yen japonés
EURJPY
16
0
eurjpy
Price broke below the median line of a long term pitchfork, and it seems now that it's in a consolidation forming a flag pattern. Looking at the green downsloping pitchfork we see that the slope is pretty active and most likely the upper parallel will act as good resistance.

Selling the breakout below the flag is a nice idea.
snapshot

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