EURJPY Short

The AUD has been pretty strong today and will abandon shorting this pair but will give the EJ a try with a weak EUR against a mildly strong JPY, hoping for a break of yL. The bearish H4 engulfing candle from the Asian session encourages a possible ST downtrend, and if sustained, will bring SL to break even + 3 and let the market decide the exit. All the JPY pairs have been consolidating and trading in a very tight range. SL is therefore very tight as the market can go either way.

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