EURJPY has moved from resistance to support from the 133 even level to the 131 even level where it is currently at support. The daily close of the latest candle does not show a break below the ascending trend line (indicating the uptrend) thus if price gives us a move to break this minor downtrend(correction) i would wait for price to pullback and ensure support to allow entries to go long.
I am basing this analysis more on what the higher time frames are showing, hence lower time frames could possibly allow indications for price to push down some what further but my bias is still only looking for buys at this moment. If price violates the ascending trend line-(indication of the up-trend as possible trend reversal, which would be signaled by price pushing further down-past the ascending trend line and passing the previous higher low and then retesting that previous level of
support as resistance.
I am basing this analysis more on what the higher time frames are showing, hence lower time frames could possibly allow indications for price to push down some what further but my bias is still only looking for buys at this moment. If price violates the ascending trend line-(indication of the up-trend as possible trend reversal, which would be signaled by price pushing further down-past the ascending trend line and passing the previous higher low and then retesting that previous level of
support as resistance.