On Friday chart printed nice bearish Outside bar.

eurjpy-d

So we should wait for a retrace on this Outside bar and then look for short signal round MPP = 136.60 . 61.8% Fibonacci retrace is at 136.52, so this could be a good level to look for short. There is also horizontal resistance at 136.76, so plenty of resistance, for price to turn back down. When price will reach that zone, move down to 4h and 1h chart and look for any kind of rejection of higher prices.

Today and tomorrow there is bank holiday in Japan, in EU there is no major red news.

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