USDJPY – Trading at an important level
The USDJPY is trading near a LT important level :
I wouldn’t feel comfortable if the USDJPY breaks this range for the downside, the BOJ has been intervening around these levels. However, if it breaks the upper green resistance level, I would look for long opportunities (and if the BOJ intervenes, it will be in the direction of my trade).
Trade Safe!
Raul Lopez
Forex Training