EUR/JPY pair rallied initially during the day on Monday, but then turned right back around to form a slightly negative candle. With this being the case, the market looks as if it is ready to continue going sideways overall, and with that I believe it’s difficult to trade this market during what is the largest holiday season of the year. With this being the case, the market will more than likely continue to be fairly quiet. I do have a negative bias overall, so rallies that show signs of exhaustion could be short-term selling.
Trade closed: target reached: entry 113.2831 ,TP at 112.7985