EURJPY

If bullish momentum continues I expect some bearish presence to emerge around a nice confluence zone. There's a 61.8 fib retracement of the larger high-to-low move as well as a 78.6 fib retracement of the smaller high-to-low move. Additionally around this zone, there's a previous resistance zone and downtrend line that would be the 3rd touch after it's establishment. With this being a weekly chart analysis I'll be monitoring the daily chart if price pushes up to this area for a more precise entry somewhere between 139 and 142.