FX:EURJPY   Euro Fx/Japanese Yen
1. Price may continue going down to .382 (S3), if it breaks the S3 price should retrace off the channel and go into an uptrend.
2. Possible reversal at 122.417 & 122.216
4. Once the resistance level at 122.739 is broken it turns into support for the uptrend
5. Once uptrend starts price may retrace 2 times before reaching target.
6. Watch for the retracement and exit trade "long and re-enter "Short" until the indication of the next uptrend

1,260 or more Possible Pips gained, if entries are on time

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