USDJPY – Reacting to the bottom of the range

Earlier this morning, the USDJPY reached the bottom of the short term range, and apparently it is being rejected from that level:


We might get a trip to the top of the range… what do you think?

We need to adapt to the market conditions, if the USDJPY is ranging, lest trade a range bound strategy (we cant trade it as if it was trending right?)

Please let me know your thoughts.

Trade Safe

Raul Lopez


Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Hello Andy,

    Now it is out of the range, and the JPY is gaining strength. The question is, for how long the BOJ will stand these levels…


  • Andy B

    Here's what I think. Momentum in the range is diminishing and I think it would be hard work to eek anything out.