My favorite pair, Euro Yen (EJ) is currently at 38% fibonacci retracement after failed to break the lower daily trendline. There was a breakout of the resistance at 125.61. Where you will go next week? Going upward? Maybe will test the upper daily trendline or a triple top at 127.75. My outlook now, there will be a retracement before the market go to bull. Wait and see.
Update: No retracement and the price is already breakout of lower trendline, and bearish is coming back. I hope this is, the fifth wave in progress. Happy selling. I am on sell now, currently +45 pips.