EURJPY price action is really simple to read these days as its forming lower highs and lower lows in a downtrend after launching off its important daily trendline I mentioned before.
You can see these lower highs and lows in the four hour chart and I took a short based on the bouncing off the previous high as I said in my weekly report.
As you can see H4 200EMA has held the price nicely and the best way to go short would be a break below this moving average and also previous low at 111.80.
And also for a long possibility we have to wait for an H4 candle close above 112.00 price level.
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