Tracking EUR/JPY 4/28/24

Starting the week with a spike into the market, most likely taking out short sellers

Big trend is still bullish
Market sentiment is still bullish

Currently the market is consolidating at these areas, no confirmation on how to trade at the moment, it be better to sit back and let things play out going into tomorrow

Oversold condition would favor a pull back at some point in the week

Maybe later we will see possible short opportunities if confirmation presents itself

I prefer to sit back and monitor the market for now