The EUR/JPY currency pair is in a bearish trend both technically and fundamentally. Technically, the price has been below moving averages and within a downward channel, recently breaking through a support level. Fundamentally, the pair has shown strong negative trades, breaking below the 155.40 level and reaching towards 153.85, with indicators suggesting continued bearish momentum. The short-term outlook is bearish, with an expected trading range between 154.80 and 153.20.