Forex Daily Forecast

My take on EURJPY Daily
Sept. 29
Forecast: SHORT

14 EMA: Bearish
20 EMA: Bearish
50 EMA: Bearish

MACD: Bearish @ -0.5752

Stochastic: Bullish
- Above 20 with crossover heading upward

Price is now consolidating and going sideways. Waiting to break the support level of the current 50 candles low for confirmation. You can see the strong resistance level at 123.199 ( **refer to H1 chart ). Waiting for the 122.369 support price level breakout because it already pushed the previous 25 candles low by several pips from above it.