EURJPY

The EUR JPY has approached an intermediate horizontal resistance area.

Looking for movement away from this supply zone.

Entry - 123.80 ( monthly pivot point )

Stops - Choice of 3

1. Moving average cross - 124.50 ( Aggressive stop )

2. Recent Price High - 125.85 ( Conservative stop)

3. Prior Resistance level - 126.50 ( Also monthly R1 pivot)



Targets

1. 100 day MAV - 121.15

2. 200 day MAV - 119.45 ( Also the monthly S2 pivot , and close to .618 retracement)

Reward Risk positive. :)