We're going to the second scenrio now ..

As we mentioned in the werkly chart before this that the eurjpy is in down trend

It has to scenraios

The first go down direct or correction to the 123.00 resistance then continuing its down trend .

The price action around the resistace with the arrows i put in the chart tells us that its has powered up now for uptrend correction then sell from 123.00
Harmonic PatternsTrend AnalysisWave Analysis

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