FX.co ★ EUR/JPY at major resistance, time to sell

We are bearish on EURJPY below 122.85 resistance (Fibonacci retracement, horizontal resistance) as we expect a push down towards the 121.26 support level (Fibonacci retracement, Fibonacci projection).

RSI (34) has made a pullback to our resistance line and saw a reaction off it.

Sell below 122.85. Stop loss at 123.35. Take profit at 121.26.