Cluster of resistance being tested
The EURJPY is testing a cluster of resistance. The 100 hour MA is at 130.37. The 38.2% retracement is at 130.425. There are swing levels in the area too (see red circles in the chart below).
The price moved above the 100 hour MA last Tuesday, but stalled near the 200 hour MA (green line).
On a break above the 130.425, the 50% of the move down from the Feb 27 high would be targeted at 130.76.
If the sellers lean against this cluster, the price rotated back into the meat of the up and down price action seen over the last 3 or so trading days.