Monthly Arc pattern. Short.

١٤ سبتمبر ٢٠١٨

SGDJPY is trading within an Arc pattern on the Monthly chart (RSI = 50.506, Highs/Lows = 0.0000, MACD = -0.380, B/BP = -0.9320) and the symmetrical Lower Highs are evident. One is such currently ar 81.800 which has tested the 1D Resistance level (RSI = 60.899) and is expected to be rejected and reverse lower. We are entering a short, TP = 80.265.