EURJPY Weekly Outlook May 4th 2015

FX:EURJPY   Euro / Japanese Yen
51 0 0
EURJPY             Daily,

This is setting up for a nice short trade during this week.

If price can continue back up to 136.0 - 136.50, then I will be looking for bearish signals to sell the EURJPY             all the way down to 131.00 zone.

However, price may not give us the opportunity to sell at that level. In this case, I will be ready to short EURJPY             on a break of Friday's candle low, all the way to 131.00 zone.

** I am only interested in shorting at this time. If price breaks above 136.50 then I will only short given divergence on H4 OR H1 and will try to capture little pips out of this market
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