EURJPY CONTINUES BEARISH MOMENTUM

An impulse from 130.300 to 127.800 was made from last week to this week breaking key support structure at 128.500 on EURJPY. During the retest of the now resistance key level which is also in confluence with the 38.2% of the fib pulled on the impulse, price created a double top on the 4HRs TF giving more confirmation to the presence of bears in the market. Upon the retest of the broken structure on the 4hr we can scale down to the smaller TF to look for entry with TP at 126.500