From a technical and trading perspective, the EURJPY appears to be addressing a triple divergence day pressure, this third push into the latest swing high has registered significant divergence, while testing ascending trendline resistance. A failure below Friday’s low would be a bearish development, initially opening a retest of the yearly and monthly pivot confluence back towards 121.70/50, if bids fail to emerge here look for a test of ascending trendline support to 121, with a breach here opening a full test of year to date lows towards 120.