The currency pair is trading in the range of 365 and 135 moving averages directed downwards. The price is also in the range of the round important level of 126.00. Fixing the price below the round secondary level of 125.80 will result in the formation of a downward pattern within the overall downward trend.
EURJPY rate online: monitor the price movement in real time.
Trading idea:
Sell on the breakout of 125.69.
Stop Loss for the round secondary level of 126.20.
Target levels: 125.20; 124.50.