Trend is over all sideways in EUR/JPY currency pair in 15 minutes time frame. Since 30th June 2015, price action is sideways and seems to me that price is waiting for a break out. Vital support is present at 133.73 price level. Based on bearish Triangle pattern in 15 minutes chart, I expect price to drop towards 133.73 support level. However; if we get a bullish break out instead of a bearish break down then the forecast is going to fail. In this case, I would prefer to stay out of the market and re-analyze the price action.
