Here is H4 chart of EURJPY.
Only because my bias is Bear, I would like to discuss about the Short trade plan. (However, the price went beyond Fib61.8%, and made a Higher-High. So I would understand if you want to buy this pair.)
Anyway if you are Bear, I would like to propose the following 2 sell zones.
SELL ZONE1: (136.90 – 137.10)
Fibonacci 38.2% – Fib 61.8%. Also DPP (136.90)
SELL ZONE2: (136.60)
After confirming the break of the Support, try to short after the pullback.
The possible targets are
a) Fib 138.2% (136.20)
b) DM1 (135.92)
b) Next Support (135.85)
You can find similar setup for GBPJPY, as well.
Hope this setup helps you, if you are Bear.
YJ Baik – Forex.Today @ Tokyo