The USDJPY is trading near a LT, and since in the ST it isn’t well defined, we’ll have to wait for the USDJPY to break the range before looking for any trade opportunity:
If the USDJPY breaks the upper green resistance level, it will trigger a bullish market condition and only long opportunities will be in play.
If the USDJPY breaks the lower green resistance level, it will trigger a bearish market condition and only short opportunities will be in play.
Tags: USDJPY Analysis
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