Having a major Resistance Zone
at 123.038, a support zone
at 120.762. looking at this trade an advance trader will go Short immediately, bearing in mind their will be a pull back at 122.202 depending on market volatility
, it is under probability that it can break the Zone 122.202, and move further downward. EUR JPY is a good sell.
TP 1 122.131
TP 2 120.771
USE PROPER LOT SIZE.
APPLICATION OF RISK MANAGEMENT IS ADVICE.