The EURJPY pair has shown some weakness has now turned to consolidation on the hourly chart. My idea is to the long side of this pair for the following reasons:
1) Long term trend is upwards 2) Price is moving above the 100 EMA (Amber) on 1HR chart, historically this has been a good point to go long 3) Short term trend is also on the upside ((Black line drawn) 4) Trend continuation evidence shown on 4HR chart
Most likely play this as a swing.
Keeping it simple, looking at the bigger picture! It is all about probabilities gang!