EURJPY is currently testing 6-year downtrend which is near the 126.50 level. Also, a massive horizontal resistance line is near 127.
126.50-127.10 resistance zone can be key for the future direction of the EURJPY. As long as the price closes below that zone, EURJPY may reverse to the downside. For short-term moves, 125.68 can be followed as support. Below this level, the price may get back around to the 124.50 level.
A break to the upside means more bullish pressure for EURJPY in the medium-term.
