EURJPY Short

I am bearish on the EURJPY - price is contained by all 4 moving averages to the downside.

The area of interest to enter a short trade is confluent with

1. The 50 MAV

2. Monthly Pivot Point

3. Require a failed retest of support now resistance

Stop - above the monthly R1 Pivot

Target

Confluence of

1. 1.272 fib extension

2. Prior major support level

RR = 3.5 ................