A new point 3 has formed in the 123 pattern for the pair and it had to be updated. Now, a pin bar has formed for point 3. This is a short. Place pending order to enter at the low of the pin bar, some pips below it, and stop loss some pips above the high of the pin bar. TP is shown on the chart; at the next support.
After seeing a strong move to the up side, we see this pair move into a 100 pip ranging consolidation.
Short EURJPY on the break out and close below of previous support @ 116.89
77 pip target (one)
Target (twos) ??
