I view Eur/Jpy as Shorts.
Why?
From back testing for me I see EJ ranging in Key areas of 150pips(Example: 145.5 - 144.0). Current price is below 50MA. Also, rejecting and preforming a Doji on MA & Key Zone 145.5 (4H Timeframe).
Addition Analysis:
Bearish Wedge forming from;
High: 147.0 (Key Zone)
Low: 142.5 (Key Zone)
Wedge: 145.5 (Key Zone)
Why?
From back testing for me I see EJ ranging in Key areas of 150pips(Example: 145.5 - 144.0). Current price is below 50MA. Also, rejecting and preforming a Doji on MA & Key Zone 145.5 (4H Timeframe).
Addition Analysis:
Bearish Wedge forming from;
High: 147.0 (Key Zone)
Low: 142.5 (Key Zone)
Wedge: 145.5 (Key Zone)