The EUR/JPY is building a bear flag chart pattern which could indicate a continuation lower if price manages to break below the pattern. Make sure to check out our free Wave and Fibonacci guide.
EUR/JPY could have completed a large corrective triangle chart pattern. Price could now be building a wave E (purple) as long as price stays above the previous bottom of wave C (purple). A break below that support would invalidate it whereas a bullish break could confirm a continuation.