EurJpy is very likely to move down further and possibly a lot more further. Stoch Rsi is showing selling pressure is increasing and price is breaking the 14 EMA (purple line) When looking at the Elliot Wave we can see a 5 wave structure completed and we are now at the end of wave 1 of a possible new 5 wave structure. Wave 2 the down wave might go to 120.49. (addition 3rd, 4th and 5th wave are for future view, no clear targets yet on them(
A first target would be the next support at 123.44. If that breaks we can see very soon 120.49.
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2nd trade added.
Did took profit this morning on 1st position when I saw it made 100 pips.