The EURJPY is currently trading in a box. Price is retracing to a zone of resistance between 131.00 and 131.10. Next target would be around 129.60 and 129.50 giving an opportunity of 150 pips. Risk to reward of 3/1.
Trade idea: Entering with an entry order at zone of resistance and adding to the position when price breaks single line trendline.
The EURUSD is trading in a big box. Currently, it is making higher highs and higher lows and recently it has done a pullback to the bottom of an up channel. There is high probability of a bounce to the upside and the continuation of the pattern.