USDJPY: Trading Plan
The USDJPY is trading near a long term resistance level around 90.49:
If the USDJPY breaks the short term resistance level: 90.79, It will trigger a bullish market condition and I will start to look for long opportunities.
If the USDJPY breaks the short term support level: 90.00, it will trigger a bearish market condition and I’ll look for short opportunities.
If it keeps trading in between the short term range I will do nothing.