Sell below 126.94. Stop loss 127.73. Take profit at 124.84. Reason for the trading strategy (technically): EURJPY is approaching its resistance at 126.94 (100% Fibonacci extension, 23.6% Fibonacci retracement x2, horizontal overlap resistance) where it is expected to reverse down to its support at 124.84 (100% Fibonacci extension). Stochastic (34, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected.