The EURJPY ran into resistance and is primed for a fall

The EURJPY has pushed headlong into resistance around 119.95 (previous daily high) and cleaned out a few stops above the level. We expect to see some sellers jump into the action for a move lower to test and potentially break the 119.150 higher low zone. Time to set the trap and squeeze out some buyers so watch for a shoulder entry short for confirmation.

* If you enjoy our free content, please follow our profile, by hitting the Follow button, at www.tradingview.com/u/Trade_Setup/ to get further high quality ideas. **

** Any comments and likes are most welcome and will be greatly appreciated. **

** With high quality alerts and correct Risk Management, you can learn consistency and grow your account **