The EUR/JPY is making bearish swings on daily charts and our mini chart suggests a continuation of this trend. Sell on rallies could be possible close to POC 113.35-50 (H3,DPP, trend line). Additionally POC zone is 78.6 fib of the last bearish swing on H1 chart. The target is 112.75 and if the price makes a momentum break below 112.75, it will target 112.25. A drop below 112.25, 111.40 is possible but it will not happen today as we are in holiday trading mode.