EUR/JPY: Watching for a High Probability Long Setup as Sideways Trend Holds

Current Market Observations & Technical Setup

Good morning everyone. Taking a look at EUR/JPY, we're currently trading around 161.78, showing a slight dip of -0.26% over the last 24 hours. The pair has been consolidating in a sideways trend, with the daily range oscillating between 161.14 and 162.41. This range-bound action often