EUR/JPY is currently in a consolidation period on the D1 timeframe. If price breaks through the D1 resistance or W1 support, we should see a nice setup for an entry.
If price breaks and candle body holds above the D1 resistance of 125.965669, then a long entry with targets of 127.010781 – 128.223858 is what I will be shooting for.
If price breaks and the candle body holds below the W1 support of 123.558178, then a short entry with target of 122.606379 will be my goal.
Cheers to another successful week!