For the pair EUR/JPY we expect the price to go down to 10 EMA on the Monthly Chart - 129 pips down from the current price.
On the H4 timeframe, the Moving Averages show a downtrend. We have a clear direction for a short position. We loaded our STS MA Distance Bot to make a short trade when the price moves 30 pips away from 10 EMA on H4.
