EUR / JPY has started a retracement of the confluence of two important camarilla pivots. We might see a move lower.
122.55 – 65 zone shows new bears possibly taking on bullish trend. The price has started to move lower and this is a retracement. M H3 121.18 and W H4 121.22 are the first possible retracement targets. If it breaks down, pay attention to W H3 – 120.45, which may be the final goal. Only a finish above 123.00 could cancel this scenario.