EUR/JPY

This week may see light volume and little movement with the Nonfarm Payrolls being released this Friday morning and the US 4th of July holiday weekend following right away. So selling on the move down through 109.50 and placing the protective stop above the 111.00 resistance area is the preferred play this week. Target to take profit should be set at twice that risk for a 1:2 risk:reward ratio.