EURJPY SETUP - BULLISH EURO,POSSIBLE NEW SWING LOWS?

Bullish price action may see new swing lows @ 106.989 area in a few weeks?
as the pair has consecutively made Lower highs and lows.
1) Break and retest of trend line
2)strong resistance levels @ 114.467 area
+ downside moving averages
for further confluence for continuation of bullish trend conformation
3) Daily candle closed as an bullish engulfing previous days
+ broken and closed daily below resistance 114.467 area
4) If resistance holds @ 114.467 zone and price breaks 113.847
warrant shorts
5) Target 1 @ 112.354
6) Target 2 @ 110.939
7)Target 3 @ 109.231