Euro /Yên Nhật
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EURJPY: Structure, Structure!

Here on EURJPY we have a very nice structure based short setup.
First of all look at the 50EMA, it is following the price like a magnet, found support @136.16 and reversed.
Here is my analyses: price is more likely to retest the highs @137.20 structure resist and make double top, so this level will be the perfect to go short, targets inside the green target zone (look left, check structure).

If, price breaks the EMA and closes below, it will fall down until the next structure zone.
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DivergenceDouble TopExponential Moving Average (EMA)EUREURJPYeurjpyshortfibsjpyresistSELLshortstructuretargets

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