Hello traders, At the end of trading on Friday, the EURJPY pair showed a significant increase, which may well continue further to the north at the market opening on Monday. Moreover, from below, we can see that the price previously exited a significant range through the upper boundary at 181.48. This breakout from the range seems somewhat false to me, so I will be expecting a decrease at the opening, below the level of 181.48. This would allow sellers to capture liquidity near the level of 179.73, from which one could still work on a rebound upwards, albeit with some doubts about the price increase. In any other case, everyone trading the yen understands how dangerous it can be from time to time.
