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

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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 .