EURJPY is approaching a key horizontal daily structure.
this structure matches perfectly with a resistance line of a rising channel on 8h/4h.
on 1H the price has just reached the identified resistance cluster and was rejected with dodji candle.
to catch a bearish movement from this resistance I suggest waiting for a bearish breakout of a rising wedge on 1H.
then sell aggressively or on retest with targets:
122.5
122.3
stop will be above the last high within the wedge.
in case of a bullish continuation above 123.0
setup will be invalid.
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