The JPY has been weak last week, whereas, EUR has been strong last week resulting the EUR/JPY to shoot up.
In the following week I expect the price to retest the key resistance level in which the price has previously failed to break above multiple times. Then i expect the price to reverse and fall down until the Yellow support zone, continuing the ranging market structure.
If the price doesn't retest the resistance and fall directly completing the Head and Shoulder pattern in the 1 Hourly time frame I expect the price to fall until it reaches the yellow support zone.
In the following week I expect the price to retest the key resistance level in which the price has previously failed to break above multiple times. Then i expect the price to reverse and fall down until the Yellow support zone, continuing the ranging market structure.
If the price doesn't retest the resistance and fall directly completing the Head and Shoulder pattern in the 1 Hourly time frame I expect the price to fall until it reaches the yellow support zone.