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

USDJPY Analysis

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 .