The EUR/JPY currency pair has made a strong upward movement since the beginning of the year and our STS_RSI_MTF_Indicator shows an overbought condition on the Monthly chart with value of 73. Since the beginning of the current month, the price has been moving within very narrow limits, forming a range with an up level of 138.34 and a down level of 136.458. We expect the price to break the formed range in downward direction, so we loaded our STS RSI Breakout Bot to open a short position when the RSI value is 30 or lower.
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