EURJPY: Inside Bar & Complete Indecision ๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡ฏ๐Ÿ‡ต

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EURJPY is trading on a strong daily key level.
The price formed an inside bar formation on that signifying complete indecision.

On 6H time frame we can see in detail how the price acts:
the pair is stuck within a narrow horizontal trading range.

130.75 is its resistance
130.15 is its support

From a current perspective I see two potential scenarios:
  • Bullish
    In case of a bullish breakout of resistance of the range,
    bullish continuation will be expected

    Next daily resistance will be 131.07

  • Bearish
    In case of a bearish breakout of support of the range,
    bearish move will be expected

    Next support will be 129.675


I am on a bearish side and will trade only in case of a bearish breakout,
but who knows.

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