The EUR/JPY pair has been travelling downward in a long-term bearish trend since the beginning of 2018. The chart below illustrates this using blue trend lines (weekly candlesticks are used).
(Chart created by the author using TradingView. The same applies to subsequent candlestick charts presented herein.)
The bias appears to remain to the downside. While price rose through October 2019, EUR/JPY has now stagnated at the upper bound of the trajectory illustrated in the chart above. If we were to consider a possible target on the downside, the 114.850 level comes to light, this being