Pre-breakout structure

FX:EURJPY   Euro / Japanese Yen
The correction following the last strong sell-off has taken the shape of a pre-breakout structure indicating that the sellers are planning on taking this pair further south.

First potential target is 122.000 followed by 120.000
Trade closed: target reached: First target reached. SL moved to break even and 2nd position stopped out at BE.
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