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Short

EUR/JPY - Testing Resistance

FX:EURJPY   Euro / Japanese Yen
43 2 0
EUR/JPY             is testing several levels of confluence. We have the price failing to close above the 20 EMA . It is also testing a weekly resistence level at 135.700. We have seen lower lows and lower highs since 11/02 so my overall bias on this pair is short. Look for a short entry on the close of todays             candle.

This trade is working out as anticpated. I think we will see 130.00 over the next couple of weeks.
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