This month's ProAct Traders “Pay Your Mortgage Trade” idea is found in the EURJPY pair. We see that we have finished the up move of this large range and have turned to the downside. We are potentially underway and looking to finish the square up @ 120.80 and then move to the downside. The size of the range (124.17– 107.95) is 1622 pips, of which we have already traveled 419 pips. We are going to shorten this range to 112.08 at the bottom which would leave us from the square up (120.80-112.08) 872 Pips. Image: read more