The AUDJPY is trading in a short term range (green lines) around a long term level (blue line):

Since it is a well defined range, we could trade it (look for long opportunities near the bottom of the range, and short opportunities near the top of the range).

Or you can wait for the AUDJPY to break the range and trade on the same direction.

Trade Safe!

Raul Lopez
http://www.protradingnow.com/