EUR/JPY Technical Analysis

Bearish momentum
We can see the stronger bearish pressure
Yen is getting stronger
The drop below M L3 signals continuation

Low point
Order block
Swing low
Swing high
Gravestone Doji

The price is bearish. Yen is getting stronger. Don't forget the basics. Yen strength 1.100% risk off sentiment 2.Gold up 3.Commodities prices down 4.Equities down 5.Yen strengthens as a result At this point the market has established the Gravestone Doji variant 2. Expectation is that the EUR/JPY will reject lower below M L3. The entry is 130.60. Targets are 130.13 and 129.08. The daily bearish close below the M L3 will give additional momentum to bears.