EurJpy Move to the Upside
The pair is in day 1 of a cycle of a typical 3 day pattern, look for a pull back to prior day's high 121. 87 area, then a signal to get long until 123.20 area. As highlighted on the chart this usually happens @ 0300-0400 hour. If we get a good signal, I believe you get a small stop of under 20 pips for a 100 pip return. Please bear in mind this is all contingent upon the pullback and signal.
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