EUR/JPY is currently at 141.58 and in a channel. We have convergence to the downside. If we can break this support, we are looking for a continuation towards the ATR target at the 140.77 area and then the S5 at the 140.47 area.
Watch the DXY for any change in direction. The ATR for the pair currently is 187 pips per day, and its 180-day average is 160 pips per day. DXY is currently up at the time of this post.