Here EUR/JPY can be in wave 4 of 5 wave down and its less probable - wave 4 is too big and broke a little top of wave 3. It can be true and non regular move down if price breake trend line of move up.
And I will put my money that its new move up. We are at top of wave (3) now it will be move down - and it should end somewhere near of Fibo grouping of (1) - (3) and (2) - (3) and trend line. Than it can be good trade for wave 5.