EURJPY: What I am waiting is a break the channel.

FX:EURJPY   Euro / Japanese Yen
123 0 6
This week, I alert traders to watch EURJPY             .

126 is a strong support, very strong and important support. It is 3 year Low.

Any break 3 year low will have result is a strong selloff.

But EURJPY             is captured in a descending channel I draw on the chart. The best trade is waiting for break of channel and SELL EURJPY             .
I think this would happen this week with many EZ data to watch.
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