EJ is consolidating below the supply area of 131.5 - 131.7 and I'm keeping bearish bias for a retest of the low 129s. There's unfinished business at 129.2, so that's T1, clustered support below every 30ish pips if we break below T1. Shorts invalidate on close above initial highs at 132.4s but any break of the last resistance arm (angle from the top) at 1x8 (0.125) would greatly increase the probability of re-testing the highs and/or failure.
Note: Chart should've been called EURJPY Distribution for obvious reasons but that's the one thing I cannot change without re-posting.
Note: Chart should've been called EURJPY Distribution for obvious reasons but that's the one thing I cannot change without re-posting.