EURJPY - Long term view

FX:EURJPY   Euro / Japanese Yen
After having broken out of the trendline, the price proceeded to rise to 123.80 where it has now found its self in a range but a break out is likely to happen sooner rather than later. Price action on the weekly candle is good ( bearish engulfing ) following last weeeks hanging man . Ultimately this pair may want to bounce off the retest of the trendline but for now, I am happy to look for shorts aslong as we are trading below 121.000/50EMA