The EUR/JPY corrective pattern remains intact and the sideways zone has become very lengthy. A push below the support line (green) is needed to confirm the breakout but whether price will finally be able to make a break remains open.
The EUR/JPY seems to have completed a bullish ABC (orange) zigzag within wave 4 (green). The current price swings could fit within a potential wave 1-2 (orange) but the wave pattern remains vulnerable to changes.
The EUR/JPY consolidation zone remains a tricky pattern. A bearish breakout could confirm the expected bearish wave C (blue) and complete the larger bearish correction within wave 4 (pink) at the Fibonacci retracement levels.