EUR/JPY remains bearish below major resistance

We turn bearish below 121.23 resistance (Fibonacci retracement, major horizontal overlap resistance) for a push down to 119.44 support (Fibonacci retracement, horizontal pullback support).

Stochastic (21,5,3) is seeing major resistance below the 95% level.

Sell below 121.23. Stop loss is at 121.83. Take profit is at 119.44.

The material has been provided by InstaForex Company - www.instaforex.com