USDJPY – Broke the ST range

The USDJPY broke through an important LT & ST resistance level triggering a bearish market condition. I’d feel perfectly comfortable going long here, because of we see a possible intervention of the BOJ, it would be in the direction of my trade. This is how my short term chart looks like:

As long as the USDJPY trades above 83.55 I will be looking for long opportunities in the dollar-yen.

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 .