This is Weighted Average Yen on Daily TF. See where it is now. It seems the pitchfork median is broken and YEN might go lower. If we see a clear close below the most recent Low then EURJPY can make a big move.
Komen:
And of course, it is a Long trade ;)
Komen:
And if you look at European Stock the break has already occurred...
If you want to make sure for opening a new long-run trade on EURJPY Long, you could wait for a close on the Daily candle for SPX500 outside the wedge formation then you can go Long EURJPY.