EUR/JPY is now trending down with successive lower lows & lower highs.
Last week we had two significant technical events which are the break of the mid-term uptrend line on Monday & Break of the support level 102.50 on Tuesday.
It's important to mention that the pair has a support level 100.75 which is October's low.
Last thursday, The pair recorded a low at 101.04 failing to go lower at the current time so retracement was expected towards 102.50-103.25.
Yesterday we suggested to BUY the pair with TP at 102.00 & 102.40 which got hit today.
On Monday we suggested to SHORT the pair at 102.50-103.25 which got triggered today with profit till now.
Revisiting our resistance area again is possible today which may give a better chance to SHORT the pair at a higher price.
SL should be daily closure above 104.50 &TP should be 102.00, 101.50, 100.80 then 100.15.
