SPONGE
Short

EURJPY SHORT SET UP

FX:EURJPY   Euro Fx/Japanese Yen
20 0 2
Have had bounce off significant resistance, daily pivot and 200 moving average.

I expect this to drop all the way down to 132.600, if not further on fundamental factors.

Enter now, suggest taking half profit at 132.700 and trailing the rest.

Watch for news! Although there is nothing scheduled till tomorrow.
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