Monday and EURJPY sells off. Entering for a short upon retracement to weekly pivot point at around 130.25 with tight 40 pip SL and initial target of 129.90 (35 pips) possibly 129.50 (75 pips) which was the pivot point of previous week and may serve as new short time support.
Euro has rallied over the past week and is expected to give back some gain on this pair as USDJPY is slipping as well. Generally, equity markets appear exhausted and pullbacks can be expected.
Over night the price developed as expected.
Profit: 35 Pips