$EURJPY- critical area

The cross has broken through the support to the downside and headed towards the S3 first target @ 121.89. Currently @ 122.13 as it nears the critical trend line.  Should it break down it should go to the 121.32 (.500 Fibo) as the next target.  The next target down is the S4 @ 121.00.  A bounce at the Trend line targets the 1.270 Fib Extension @ 124.41.