It would be correct to look at the reactions of the positions in the 48-week drop in the EURJPY pair :
Last 48 Week :
COT Positions :
-For JPYUSD
Despite the rise, there is a 6.76% decrease in COT positions.
-For EURUSD :
Despite the decline, a 7.21% increase in COT positions.
The Bullish Wedge Breakout here shows that a downtrend of very high standards is over.
Long Signal is possible when the signals return to positive.
I shared it in order not to forget it.
In addition, we are also under the Long signal effect on the weekly chart :
Here, the Risk / Reward Ratio remains a bit low, and a buy signal in Euro / Dollar parity would feel much safer.
However, if a Buy signal comes at lower timeframes in the Oversold region, it can be evaluated.
It must be watched carefully!
Regards.
Last 48 Week :
COT Positions :
-For JPYUSD
Despite the rise, there is a 6.76% decrease in COT positions.
-For EURUSD :
Despite the decline, a 7.21% increase in COT positions.
The Bullish Wedge Breakout here shows that a downtrend of very high standards is over.
Long Signal is possible when the signals return to positive.
I shared it in order not to forget it.
In addition, we are also under the Long signal effect on the weekly chart :
Here, the Risk / Reward Ratio remains a bit low, and a buy signal in Euro / Dollar parity would feel much safer.
However, if a Buy signal comes at lower timeframes in the Oversold region, it can be evaluated.
It must be watched carefully!
Regards.
Note
My direct decision for this analysis : 
But , extra distributional buys are not recommended.
It is only a one-position analysis,regards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.