The secondary trend of EURJPY is sideways on charts. In its 4 hourly chart, the pair is sustaining below it rising trend line indicating the downside movement in the market. It is consolidating with strong negative bias and is likely to give break out at downside. Its 200 DMA is also providing resistance to the prices supporting the further down-trend. If it breaks its support level of 133.35 & sustains below it then it is expected to show further bearish movement in next few days.
STRATEGY:- EURJPY is looking bearish on charts for next few trading sessions. One can go for sell on higher level strategy for this pair for intra day to mid term positions.