As long as EUR/JPY remains below 139.97, the bearish target remains 136.20, as projected by the triple top.
My original analysis highlighted 2 bearish patterns unfolding, each with the same price targets: A Descending Triangle; A Triple top. The latter was confirmed with a downside break below 139.97 support and as long as we remain below 139.97 resistance then the target is 136.20 lows.
Since then, the downside break of the triangle momentum has slowed and found support around Monthly S2 Pivot. A bullish Hammer formed the actual low, with subsequent price drifting upwards within a potential bearish flag formation. Yesterday produced a Rikshaw Man Doji which leaves potential for a top to be in place. However, I never place too much emphasis on a single Doji so would prefer extra confirmation before calling for a swing high to have formed.
We have eurozone data out tonight which may help with the next direction but keep in mind the markets are really waiting for data at the beginning of June regarding ECB QE action (or not...). Therefor be open to the possibility of the retracement towards 139.97 before the next move unfolds.