EURJPY sell with the break could be a good opportunity to squeeze some pips from the market before NFP. Pair created convergence on the H4 chart and once the correction is over, i believe we will see further moves down. My idea to join the bears is with the break of the H1 trend line as explained in the image below.
EURJPY Technical Analysis:
H4 – bearish convergence
H1 – trend line
SELL ENTRY:
Look to sell the break of the trend line on the H1 chart. Aiming last low as first target around 127.70. Close second part once opposite divergence occurs on the H1 chart.
