EURJPY has been ranging for the about three and a half months failing to break and close above 134.400. It's again retesting the weekly and monthly resistance levels, which am monitoring closely to see what happens by end of this week. Should price action break and close above 134.400, I will liquidate my positions and wait for a new opportunity to go long, otherwise the setup holds with this beautiful butterfly. Fundamentals to look out for include: EUR: German Industrial Production, Eurozone GDP, JPY: Japanese Official Reserve Assets, Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks, Japanese Leading Index and Japanese Coincident Index
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Wednesday's daily candle closed above 134.400 hence I liquidated my first sell position as i mentioned in my analysis.