EUR/JPY Is Consolidating Sideways

EUR/JPY has been consolidating sideways between the support at 131.70 and the resistance 134.40 since the middle of September this year and considering the latest candlesticks the pair has formed at the aforementioned support the consolidation will continue next week. Namely, these candlesticks are a pair of hammer ones and a spinning top candlestick before them, all of them on the daily time-frame. Since all of them are a signal for either indecision or a move to the upside next week there will likely be such move to the upside, probably towards the resistance at 134.40, where the pair has already formed a double top. The question now is whether the pair will form a triple top or it will finally break out above 134.40.