EUR / JPY on yesterday trading session (28/05) experienced further decline, from the opening point of 128.28 and closed at 127.16 point. Then today, a further decline occurs from the opening point of 127.16, to the point at now 125.79 without showing any resistance at all from the Asian session until the European session.
Technically, we can see that EUR / JPY currently does not really have a level to show resistance from the support level. It is seen that the only level that may be the trigger of the increase is from the demand level 123.89 to 122.41.
So, if we had a sell entry at a breakout level of 127.15 support level, there is still a chance of around 200 pips again, until the price may actually be returned from the demand level.