Overview- EUR/JPY has been unable to break the resistance level for the last two weeks but bears have not been able to capitalize on it yet. However, yesterday's drop seems encouraging for the bears.
Analysis - From the chart, you can see that, yesterday's daily candle was a big bearish candle with a long wick at the top. So, it is quite likely that price will continue to go down now.
Probable trade set-up - I have already published a signal to sell EURJPY@130.50-131 last week. So, if you followed it then continue to hold the trade. New sells can also be executed if price visits the resistance level again.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.