TRADE IDEA FOR THIS WEEK- LONG EURJPY @106.22- FAILURE (-122)

EURJPY has been in a correction phase after the initial uptrend. I belive that the 106 level should be difficult to breach and will give bulls a new nice entry point . As a result i will place an order to buy it @ 106.22 with s/l 105.00

Order: Long EURJPY @ 106.22 , S/L 105.00 and T/P 114.00

UPDATE 21/04/2012: I got stopped out  from this trade last monday  (-122 pips)