EUR/JPY is winding out at confluent Potential Reversal Zones (PRZ) for two bearish harmonic patterns: a bearish Cypher extending back to the Q2 2009 peak near 140; and a nested bearish shark originating at from the early 2011 swing high near 124. The three peaks in 2013 YTD on slackening momentum (see lower panel) and the pair's inability to install a higher high thus far in July is a supporting red flag.