The EURJPY BEARS has been pushing the price down for awhile now and it has maintained itself below the outer TL. Last week the BULLS made a push to bring the price up to the 123.50 level only to be rejected again, The ADX has not reached a exhausted level giving a little more room to the downside and the Stoch RSI is in the SELL zone and has giving a entry at...
EUR/JPY Respected 122.826 resistance well. It has made a series of lower high and lower low supported with a bearish engulfing candle. Going a short here should be a low risk trade. Downward pressure if strong. 121 could be a good target. No signs of bullish on this pair. Ride the trend.
As we See the EurJPY hase Break the Resistance it Touched and Experienced Before @ 123.50 and the Went back and Close underneath it with a Monthly Candle .
I don't See any of Resistance Can Stand against the JPY and it will fall sown Hardly the Next 3 Monthes to 115.50