EURJPY 4HOUR BREAKDOWN

Price action this week is ranging within previous week range. Right now we are consolidating near previous week highs and failing to break above to continue the bullish momentum. This sets up two opportunities, first one being trading the reversal to previous lows of first one being 133.50 or we could go lower to the zone bounded by 133.300 to 133.050. From here we would be looking at price action for the big move to new highs beyond previous week high. Targets being 134.900 or beyond. If price action shows no signs of continuing the overall bullish moment, we might stay in this previous week range and test its lows of 132.500. Overall bias is long in to new highs. Even with this bias we can still take minor moves in between.