Added to EURJPY shorts @ 121.67

9.05 gmt

The price action confirms that the EURJPY is headed lower – I can’t say how much lower, but the first target is 120.67. I have added to the earlier shorts as follows:

Short $44/pip EURJPY at 122.67. SL for this is 122.60, but I may exit at near about 122.30 if this pair does go back to that level.

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