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EURJPY: Rejected from resistance 121.20 | February 12, 2017



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Eurjpy has rejected from 121.20 level last friday. H4 is showing bearish continuation on this pair. Last 5 H4 candle is bearish and suggesting bearish power on this pair. So we need to stay on sell mode on this pair below 121.20 level.
Stochastic indicator is showing that this pair is falling from overbought area. So if we find stochastic on overbought area, then we can sell again on this pair.
On the other hand, breakout of 121.20 resistance would carry this pair more upward up to 122 level


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