EURJPY is coiling around a key daily structure support. Analyzing the reaction of the price to that structure, I spotted a horizontal range on a 4H time frame.
The market remains very weak and indecisive on 4H and trades in sideways. To buy with a confirmation, wait for a bullish breakout of its neckline (you need a 4H candle close above that to confirm the breakout). Then buy aggressively or on a retest.
Goals will be 144.93 / 145.4
If the price breaks the green support, the setup will be invalid.
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