EURUSD; The strength of the EUR v USD helps to get a feel for the relative strength of the 'EUR' element in the EURJPY pair. In simple terms, a move up in the EURUSD would provide a counterweight to any fall in USDJPY (representing JPY strength) or alternatively enhancing any rise (representing JPY weakness vs the USD)
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The multiple FLD chart shows an ongoing consolidation . I am running a couple of different EW counts but for now, a move up is anticipated in an orange 'c' to complete green 'c' and gold 'b' .
This is my interpretation of Ichimoku and not the standard calculations. I run these same charts across 1hr, 4hr, Daily, Weekly & Monthly timeframes. But for now, the daily 'cloud' provides support and the 1 day momentum study would support the bounce that seemed to begin on Friday afternoon.
It is possible that the 100 day low is in or close by. Price has been testing the harmonic octaves around 1.3100 from the all time and 2012 annual 'hi/lo' Gann grids and seems to be battling positively with the 45degree line on this annual grid. Price is below the 25day and 50day FLDs, but there is plenty of room for a backtest and the momentum study is oversold against a bullish 'green' 200day Hull. It is a bit mixed, agreed, with the price placement vs Hull Average and FLDs but overall, the EW count in the first chart looks possible to me, if the 'cloud' in the 2nd chart and Harmonic Octaves in this chart can hold out.
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