EURJPY scenarios for the upcoming weeks

EURJPY has broken out from last year's trading range in March and now the course is backtesting this level. If this move do not collapse to a deviation, we will more probably see further price appreciation upwards. The breakout was impulsive, especially on the monthly chart. As last year's range top is a very important and price action was strong on higher TF, I would choose the long scenario when reversal detected. Fallback into the 2021 trading range can result in an accelerated lift to the range low. Price targets marked with lines in both directions.