EUR/JPY - Long-term descending trend. Mid-term movement is also Short.
Possible formation of head and shoulders on 4-hour chart and short-term increase.
When passing the price below 126.090 the expectations are for continuation of the downward movement in the currency pair.
Current levels are not good for entrance. awaiting the ECB's decision on interest rates at 14:45 and statement of Mario Draghi at 15:30, when we expect strong volatility in euro.
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