Forex technical analysis: Keep an eye on the EURJPY. Which way is the break?

The range is converging on itself. Weigh in with your thoughts.

Keep an eye on the EURJPY. The pair is converging on itself with lots of technical levels converging. Looking at the hourly chart, the pair has the 200 day MA a thte 133.896. The 100 hour MA comes in at 133.79. A lower trend line is at 133.65. A topside trend line comes in at 134.15. The 100 day MA is a bit higher at the 134.58 level. Traders on Thursday and Friday went up and tested that level and sold off.

Looking at the daily chart, the support off swing lows between 133.059 and 133.256 held support on Monday (the low came in at 133.28.

Any thoughts on a break direction?