EURJPY Range bound

I see the market playing between the 128.000 and 129.000 level for the rest of the year. This is a 100 pip range, probably going to offer three or 4 more opportunities before the market moves to the north side. ECB expected to start the rate hike cycle from next summer so we should see the market begin to price these expectations in. For now the market is just accumulating positions for the next big wave.

I'm Looking to trade this range and hold one long position , for carry swap until next year from the 127.800 level .

50 likes on this idea and i'll keep updating the entries