FX:EURJPY   Euro / Japanese Yen
My bias for EJ currently is long. I do believe we may see this pair touch 125.000 , within the next week or so. after a strong bullish run , price is now stalling , possibly taking a break. I know there are a lot of people who may be trying to sell this. Currently price is at the 123.000 are and seems to be holding well, spotted an opportunity here, should we have a strong 4hr candle close off the 61.8 fib we may see a 70 pip move up to 124.400. My ascending trend line currently seems to be holding strong, However there is still potential for a reversal here as well. Lets see what happens.