selfrighteousgambler
Short

EURJPY POTENTIAL SHORT @ ~134.500

FX:EURJPY   Euro / Japanese Yen
After breaking out of the descending triangle as I pointed out in the last idea, prices should now climb back to the ~134.500 area to "test" the previous intermediate demand zone .

Should the zone still be imbalanced another push to the downside is likely.

This level coincides with the 0.50/0.618 of the previous down move and should head to ~132.500 if not lower.

Expect a rally anywhere near ~131.000.

R/R is dependent on how the prices go into the 134.500 zone
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