FX.co ★ EUR/JPY reacting off resistance, remain bearish

The price has reached our selling area previously and reacted off it nicely. We remain bearish below the 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to the 119.65 support (Fibonacci extension, horizontal support, recent swing low support).

Stochastic (34,5,3) is seeing resistance at the 92% level.