DislikedFinally, closed the Eur/Jpy trade at 122.70, opened at 120.86 using pending order and As I said earlier, if the Eur/Jpy broke 120.70-120.76 level then we will see some quick pips then here it is a whooping +184 pips.
Now, the pair has a high of 122.75 and the sochastics on H12 as reached overbought area and further move in this pair will be slowed down until it breaks 123.05-123.12 level so now, buy only if it breaks this level till then just chill.
And, we cannot...Ignored
Btw mind if I ask your reason for 123.05-123.12 being a strong resistance level? The only possible one I could see is a resistance in April 2011 at 123.07-123.31