It looks like the exchange rate has tried to remain above the yellow line and
20 moveing average, which can be a reason for me to go long
with stoploss being at the bottom of the candle in the red box : 0.98.
The pair EURJPY made a lower high price and crossed over the 20 MA to the downside.
I assume that a long term trend is to the upside but I think it will have short-term corrections.
taking a profit when it reaches the 120 MA, stoploss around 122.2