At the Daily Chart We can see this pair moving in a down slope Broadening Channel that is actually just a retrachement from the Bullish Movement from the EUR/JPY as long this pair not break out and close bellow the 119.80 there is a possibility and higher likely the EUR/JPY will back to the previous bias (Bullish), especially if this pair can break out and close above the 130.33 they will go up to test the first Resistance at 131.32 as their primary target and the 133.22 as their secondary target.
(Disclaimer)
