I like to trade stop washouts every now and again. Often the price will just breach a prior high or low by only a few pips and then retrace quickly. The key to trading like this is to give the trade a time stop and get out even if you are near breakeven.
Metatrader shows the high on eurjpy is at 159.00 and incedently round numbers can often substitute for high or lows. A short here with a fairly tight stop of 20 pips and a 3 hour time stop wouldn't be bad play.
Metatrader shows the high on eurjpy is at 159.00 and incedently round numbers can often substitute for high or lows. A short here with a fairly tight stop of 20 pips and a 3 hour time stop wouldn't be bad play.