EURJPY Prediction 27.01.2014

As we know JPY rallied on friday, the price action breaks the resistence level 38.2 fibonacci, 20 and 50 EMA. Another bearish movement seems possible and after that we can observe an retracement from the 50.0 fib. level. We should follow if the price reach that level and market sentiment. Through that level I expect a decline. Also momentum looks bearish.