EUR/JPY is on a clear downtrend, the price is right now near a strong resistance level. We have a double scenario, the price can fall from 120 price level (at a weak resistance), or keep rising to 121 and then fall to support at 115 .
Next week is the first week of the month and we have a lot of economic data realeased which will strongly affect the market.
This is only a technical analysis.
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EUR/JPY took a weird path in the last weeks, now we are back on track. Still short on this pair