EURJPY has A LOT of downward momentum heading into the week. The only sign of it slowing comes from the fact that it sits in the middle of a critical zone as its approaching the .786 FIB at 114.645. If the pair opens with a bearish candle, I may look to squeeze a few pips SHORT to the .786 Fib and take profit just before. Once it reaches that level, I'll be watching price action very closely looking for the downward momentum to continue or to see any signs of a reversal. This is a pair I'll be monitoring very closely this week.
