EURJPY: Bearish Wave Is Coming?

https://www.tradingview.com/x/8c1sykHA/

hey traders,

though from last week I have been very bullish on EURJPY,
I believe that 121.0 resistance may become a pivot point for the pair.

first of all, if we look left, we may see with you a strong horizontal structure based on this level.
moreover, it matches perfectly with a support line of a broken bearish flag formation.

because the long term trend on the pair is bearish and because the breakout of the flag is considered to be confirmed,
I suppose that EURJPY may drop from the underlined area.

I will protect my profit from 120.0 level.

the initial target will be 119.0 level.

good luck!