EURJPY continues downtrend?

FX:EURJPY   Euro / Japanese Yen
With a creation of new year low, I suspect EURJPY             to continue its downtrend in the future. Right now, i expect the pair to retrace higher first to 123.636 levels before making its next move lower.

However, there is a chance that EURJPY             may push up to 124.937 as the pair has seen very bearish momentum lately. Trade safe.
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