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EURJPY: Wave Analysis & Trading Plan

Short
Euro / Japanese Yen (OANDA:EURJPY)  
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OANDA:EURJPY   Euro / Japanese Yen
Fibonacci Chart Patterns Flag Forex trading Technical Analysis euro yen japaneseyen EURJPY fx money
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fibonacci chartpattern flagpattern forex trading technicalanalysis euro yen japaneseyen eurjpy fx money
snapshot

last week EURJPY broke below a bearish flag formation.
it looks like today we gonna see the retest of the broken support.
with a very high probability, the market will drop afterward.

for confirmation, follow a minor rising channel on 1H.
its breakout will confirm the start of a bearish wave and we can initialize short.

initial target will be 120.55

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