Trend is bullish in four hours chart. Critical support is present at 118.22 price level. Currently; the price of EUR/JPY currency pair is falling down to print bearish Wave c leg which is going to complete a Zig Zag Wave X pattern. A good suggestion is to wait for the Wave X to first complete and then look for a buy trade to join an up trend.
However; if market closes a bearish candlestick below 118.22 important support area then bullish trend will end. In such case, I will stop myself from trading and re-analyze the price chart of EUR/JPY currency pair.