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theforexarmy

EURJPY remain bearish below major resistance

Short
Euro / Japanese Yen (FX:EURJPY)  
theforexarmy  
FX:EURJPY   Euro / Japanese Yen
EURJPY eurjpyshort eurjpyidea eurjpydaily eurjpynews eurjpylong EUR jpy eurjpyanalysis eurjpy1hr eurjpylongsetup eurjpysell eurjpytrade
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eurjpy eurjpyshort eurjpyidea eurjpydaily eurjpynews eurjpylong eur jpy eurjpyanalysis eurjpy1hr eurjpylongsetup eurjpysell eurjpytrade
Sell below 121.23. Stop loss at 121.83. Take profit at 119.44.
Reason for the trading strategy (technically):
We turn bearish below 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.44 support (Fibonacci retracement, horizontal pullback support).
Stochastic (21,5,3) is seeing major resistance below the 95% level.

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