Technical outlook and chart setups:
The EUR/JPY pair had broken the immediate trend line support yesterday and was expected to rally back into the 148.00 levels, that is resistance. Please also note that the pair is facing resistance from the back side of the past trend line support around the same region. A push below 147.00 levels from here could confirm that the pair is indeed set for a deeper correction lower. The outer trend line support is passing through the 143.00 region for now which could provide support if prices reach there. Immediate price support is seen at 145.00 levels, followed by 145.00 and lower while resistance is seen at 148.00/20 levels, followed by 149.80 levels respectively.
Trading recommendations:
Remain flat for now.
Good luck!
