Market is still in consolidation between two historically relevant and very strong structure lines.
Once the market breaks, I'm expecting it to dive or rally to the nearest structure level. Either way, both trades have a very healthy risk:reward ratio.
Whatever you do, wait for the retest of the consolidation area. Do not get faked out. Wait for the retest then...
EURJPY seems to either be returning into it's consolidation zone (marked by blue lines) or is about to break out after a quick retest of resistance turned support (top descending blue line). If it is a break out, it will be a nice setup into a Gartley which will leave us with a quick way to make some pips.
Entry in the red box. Somewhere around 138.500 looks good...