Hello Traders! It is clear that EURJPY and most other xxx/JPY pairs are either in consolidation or pulling back. Rather than chasing price and trying to get short at the lows, we will be looking for good buying opportunities as we are still very much in an uptrend on many of these xxx/JPY pairs. the 120.92 level on EURJPY will be a very likely place to see a decent bounce. As always use a 30-40 pip stop loss and look to get whatever you can on the profit side.
