The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. Support level of 123.12 and Resistance level of 123.85 On chart it made a symitrical triangle. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearsih movement in the pair.
INDICATORS:- RSI is sustaining below 50 in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY: On the down side break out of symitrical triangle on charts on can go for sell for next few trading session.