EURJPY initiating a sell signal

EURJPY is trading inside a Channel Up for the past 3 months.
The price is approaching the top of the Channel Up on a +9.00% extension, such as the May 2nd top.

Trading Plan:
1. Sell on the current market price.

Targets:
1. 153.750 (bottom of the Channel Up, below the 0.382 Fibonacci and above the MA50 1d).

Tips:
1. The RSI (1d) will give a confirmed sell signal after it crosses under its MA line. It did so on May 3rd.

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