EUR/JPY is still on a downwards sloping that is effective since the 2nd of February. The pair is currently meeting its strong support, which was last week’s Friday low at around 130.900. A break of that level could push the pair towards the 130.150, which is the 50 area and clearly visible on a weekly chart. Also, we can see here on a 4h chart, that the is below 50 at 37 mark and it is aiming lower, which is a sign for the pair. The is below zero and is currently slightly below the ticker line, which is also a good indication that EUR/JPY could continue moving lower.
If we do get a reversal back up, then a break of 131.800 could push the pair higher, towards its 100 at around 132.650.