28/03/2014: I have just sold EUR/JPY @140.398

The range breakdown below 140.40 yesterday was confirmed by a decline today. The initial move has had a pullback towards the breakdown which now becomes resistance and gives a chance to sell.

I now expect a move back towards the support around 139.00.

I have placed my stop at 140.81 (41 pips) which is above the intraday resistance at 140.68.

EURJPY 28032014

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  1. Well, luckily I went long @140.10 after price action gave support @ 140 following that drop will close now

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