Near-term Bearish, in a Flat Market:EUR/JPY made a bearish swing this week after consolidating mostly below 142. This is what you call a flat market, with the moving averages all clustered together moving sideways, and price whipping up and down the MAs. (eurjpy 4h chart, 5/9)Consolidation support:Within this type of market we should pay more respect to the support/resistance factors. EUR/JPY just so happens to have dipped to some key support factors:1) 140 psychological handle2) A previous support area roughly between 139.90 and 140.203) the 4H oscillators are oversold.In addition to being a flat market in the 4H chart, we can see that in the daily chart EUR/JPY was bullish before turning flat. (eurjpy daily chart, 5/9)Resistance:If the market rebounds from 140, 1) 142-142.50 area still presents resistance, but a break above that can open up 2) 143.75-80 (resistance pivot), and then 3) 145.60-70 area (2014-high).Support:A break below 139.90 has some downside risk towards the 138.65 support pivot, but we can also see1) a rising trendline2) and the 200-day SMA around 139.00.