The EUR/JPY pair is approaching resistance at 125.01 (50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 122.00 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is nearing its resistance at 97% where a corresponding reversal is anticipated.
EUR/JPY is approaching its resistance where we expect to see a reversal.
Sell below 125.01. Stop loss at 127.51. Take profit at 122.00.
