Technical outlook and chart setups:
1. The EUR/JPY again drifts lower towards 141.00/20 levels (the channel linr support tested). The pair could continue drifting lower if channel line and subsequently 140.00 levels break down. Recommendations are to remain flat for now and watch out for a day more about the reaction on the channel support.
2. Support is at 141.00, followed by 140.00, 138.50, 136.00 and lower while resistance is at 142.50, followed by 143.50/144.00 and 145.50 respectively.
3. The structure indicates that EUR/JPY is testing channel line support for now and a break there would be encouraging for bears.
Trading recommendations:
Remain flat for now. Short sell on a line break.
Good luck!
