EUR

Which time frames are rangebound? All
Which time frames are trending?

Important event: ECB non-event

Scenarios:

• 4H down if it breaks below 1.16, equivocal trend again if above 1.175

USDJPY

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

4H at inflection point

Scenario:

• 4H up if above 148.5, down if below 146