Both the EUR and JPY are weak therefore this isn't the most certain pair and these analysis are likely to be less accurate than for example EURUSD. If EURJPY rallied up the first arrow I would look to sell, based on technicians. Fundamentally both currencies are rather weak and both have a QE program thus technical analysis and coloration will be the key to forecasting forward prices. (Things can change in a month)
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Wizard
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Status: a double bottom has formed on many of EUR pairs, whats-more well I see some upside for the EUR right now, so I officially end my bias of the month for eurjpy. The trend may resume but I think it is at a point where it will go up some more before going down. Gonna update this in case the trend continues.
Wizard
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UPDATE :
1.The main high reached, now i think that it will be a chop which will translate into the rate falling again.
2. Pivot reached