EUR

Which time frames are rangebound? Weekly, daily, 4H, 1H
Which time frames are trending? Monthly bullish

Important event: ECB today

Scenarios:

• Daily BC holds and rebounds to upper band
• Daily BC fails to weekly BC

USDJPY

Which time frames are rangebound? Monthly to daily, 1H
Which time frames are trending?

4H at inflection point

Scenario:

• 4H continues down from BC here
• Above BC and remains rangebound until breakout