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.