After two inside days, price finally managed to break the recent lows, and close lower than consolidation.
The EURJPY is looking very bearish indeed.
Aggressive traders should look to short right about now. More conservative traders might look for some sort of consolidation on a lower timeframe, or potentially, to maximise Reward to Risk (R), set a sell a little higher, at say 122.30
May is ending , May is the month of lower Euro, June it jumps up, I am really looking at this pattern and see it very scary for now to sell or to buy with traders are taking positions on short side while longs are already caught in market with positions above 123.00