PeterHedger3

USDJPY - Stuck in a tight range

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY has been stuck in a tight range for a while.

107.000 Level is a key level of support which would be a great entry point depending on your bias.

We must be patient here but I expect volatility going forward.

My bias is to the long side however if the 107.000 level is broken we could see the 105.100 level

Lets see what happens next week.

Leave your thoughts in the comments.

Happy trading

Comments

It's going to be interesting. Due to the amount of times the price has bounced and the lack of bounce off of the current support level. My bias is short. I can see your point of view as well and so will not be entering a trade until things pan out.
Reply
@nelsyboy, Either way, Volatility going forward. Cant stay like this in this crazy world right now :)
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