Surefyre
Short

EURJPY Head and Shoulders

FX:EURJPY   Euro Fx/Japanese Yen
63 0 1
Been trying to make something of this formation for a few days and finally settled on H&S , albeit not an obvious one.

Neckline around 139.28 which also happens to be a historical /R level, makinf last week's rally a possible re-test of the neckline which is fairly common. Assuming the neckline holds the short target is 2.618 x the H&S height of around 6.386.

If the target is approached it may transofrm into a Bump and Run as that would also mean breaking the upward trendline from the lead-in to the BAR,
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