EUR/JPY is trading at the crossroad after completing a price top and falling. During the 1/18 session, the market bought EUR/JPY as price approached by never tagged 120.50. It ended the 1/18 session almost tagging 122.EUR/JPY Daily Chart 1/18(click to enlarge)Bullish Continuation:- Yes, we see a price top. But it is possible that the market is already done with the correction now that price has fallen from the price top and found support.- On the daily chart, we can see that the RSI held above 40, which means that the prevailing bullish momentum is still in.EUR/JPY 4H Chart 1/18(click to enlarge)Losing Bearish Momentum:- While the momentum is bullish in the longer-term, the short-term momentum was still bearish until the 1/19 session.- The current push above 122 with the RSI pushing above 60 is evidence that bulls are gaining control.- A break above 122.40 would be even more clear as price would be above a previous resistance pivot and the cluster of 200-, 100-, and 50-period simple moving averages (SMAs) of the 4H chart.- There is upside back to the recent high around 124.- 126 will be another key pivot - it has been a common support.- If there is a pullback, price should not push below 121 if EUR/JPY has turned bullish.