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EUR/JPY Awaiting Breakout at Descending Triangle Support

EUR/JPY has been trading in what can be interpreted as a descending triangle throughout 2014. The daily chart shows a market that has been putting in lower and lower highs, but has a common support in the 135.73-136.23 area. The daily chart also shows that there is a bearish bias.
1) Price has fallen below the 200-, 100-, and 50-day simple moving averages (SMAs), which are now shifting to bearish alignment. 
2)  The daily RSI has tagged 30, and has held below 60, showing maintenance of the bearish momentum.

(EUR/JPY Daily Chart)

A break below 135.70 should open up the next support, which can be the common lows from September to November 2013, in the 139-139.20 area. 

A clear break above 138 would be needed to establish a price bottom and shelve the bearish outlook. EUR/JPY would still need to break above 140 to revive the bullish outlook.

Note that there was a failed break above 138 last week. This failed bullish attempt can be interpreted as a bearish signal.