Continuing the theme for long entries targeting 134s, stops below 132.6. Yesterday was horrible, with only 50ish pip range high to low, liquidity is obviously still sporadic in the EURJPY markets. I feel we're in for a good run in the near future for EJ , mid-145s, at least. I'll have to move my longer charts here, will do soon.
You are right, it seems yesterday's lack of bullish action here meant buyers were taking a step back and looking for cheaper quotes after the early week rally. I've reversed below 132.6, and closed it already, but tonight's Asian session will point the way for tomorrow (Fri 13th :D)