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:

USDJPY
USDJPY

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
http://www.protradingnow.com/

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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…

    Raul

  • 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.