EUR/JPY has already broken out and closed above the daily bearish level at 119.98. It is trying to form a market maker buy model pattern. However, the pair is unlikely to grow and it is showing its weakness by forming a bearish wolfe waves pattern. Unless this pair breaks out and closes above the 122.84, it will decrease to the EPA line (from point 1 to 4) as its prime target.
The overall bias for EUR/JPY is bearish.
(Disclaimer)
