Try again – Short EURJPY @ 121.64

1.04 gmt

The behaviour of EURUSD, USDJPY and EURJPY over the past 24 hrs suggests that we should see some more downside stops targeted, and perhaps go down to as much as 120.68, the 38 Fibo level. I am concentrating my firepower all in EURJPY which incorporates the 3 Euro and the Yen moves into one pair.

Short $176/pip EURJPY at 121.64. Extreme SL at 122.55, but I would get worried now if this pair made it back above 122.10.

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