EURJPY - Short

EURJPY 0.02% has broken back into a previous range and has completed a Bullish Gartley pattern. Conventional first target on a Gartley are a 38.2% Fib of the CD leg, which would take us back into previous structure and the top of the historical range.

We are looking for a retest of structure at the 38.2% Fibonacci level, and if we see a reason for entry at this level we will be selling with half a position as this is counter-trend.

Entry: 130.490
Stop: 25 pips
Target: 60 pips