The parity EUR/JPY just broke the resistance line of its bearish channel. As far as the price is between 124 and 125, we stay neutral on the parity. If 125 is broken, we will then advise to enter long and to trade only long positions as far as 124 is support. However, if the price get back below 124, we will advise to trade only short positions as far as 125 is resistance.