Hi traders,

Welcome to a brand new week. JPY currency pairs has been very volatile during the early Asian session with a gap lower opening and then rocketing up over 100pips for example EURJPY.

Attached below is the EURJPY chart.

My view is the price is looking for the highs of the week and apparently it has. From these highs it will go downwards and find the lows of 200-300 pips.

Let's see how it turns out this week.
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