EUR/JPY: Range Opportunity?

Bearish EUR/JPY: Currently we are @ 128.89. IF we can break the 0.382 Fibo here, we are looking for a continuation to the 0.500 Fibo @ 127.88 and then the 0.618 Fibo @ 127.18 this week. The average daily true range (ATR) for the pair currently is 111 pips.

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