EURJPY: Take A Breathe

Last week, EURJPY failed just ahead of 104.45 and close below a key pivot @ 103.276 on Friday.

This seems to suggest the market has topped for now and that EURJPY is about to take a deep breathe downward. We short and look for a re-test of confluence of the broken TD Line and 45DMA.

Strategy: Short @ 103.399, Stop @ 104.739 Target 101.08