EUR/JPY: 134.20 (38.20% fibo of a major bearish move 169.92 to 112.11) as New Support?

Result on June 22th (Click on the chart to enlarge it)

WINNER

The strategy to SHORT below the following levels: 134.08 / 134.20 price zone worked perfectly, producing a nice 165-pip profit (target at 132.55).
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Initial Post on June 21th

(Click on the Chart to Enlarge it)

Seems that we are going to see some nice move next week. And apparently favouring the bears.
Last week we found a very important resistance at 138.30 price zone that hold all attempts to push prices higher.
Now we have the 134.20 as a very important support (134.20 is the 38.20% fibo of a major bearish move 169.92 to 112.11).

So my strategy:
* SHORT below the following levels: 134.08 / 134.20 price zone and 133.90. All these levels have a low risk x high reward ratio.
* LONG at 134.08 / 134.20 price zone with tight STOP, below 133.90