EURJPY short to at least 122.478
I see EURJPY continuing to go down. At first to 122.478, which is coincides with the fibonacci -0.27 level.
This is also alevel from the beginning of the year.
On thethere is also a pattern, this, barring any big changes in the evening should stay this way. Since, this is a fairly strong trend confirmation, I am going into a short position.
After this it will probably consolidate at the 122.478 level for a while, since the next big market mover will, most likely be the European parliamentary elections. From there it could go either way, depending on the outcome