Short EURJPY - Testing important monthly resistance area

Short EURJPY - Testing important monthly resistance area

- Trading on top-end of long-term symmetrical triangle pattern in monthly chart
- JPY is gaining momentum
- Stochastics is overextended and is in overbought territory
- RSI looks weak and is hovering around the 50 level with consistent lower highs.

Entry: 126.20
Stop loss: 127.4 (120 pips)
Target: 124 (220 pips)