The last three weeks of distribution on the Yen pairs has been interesting- big moves- now big corrections- so that keep in mind EUR may have a tough time making new highs this month
Now I am surprised to see a cypher set up on the EU- so with that in mind I need to due due diligence and analyze the volume a bit more-- Although Daily on pound yen is scream short me (high volume hangman candle)
One thing with Distribution -- it's like when they pull the rug out from under you-- price continues to fall only brief corrections at key levels to entice herd bullish buyers