And here is my plan for the USDJPY

Slow market isn’t it?

Anyway, last week I mentioned that I will only look for long opportunities on the USDJPY, and here are the levels that the market needs to break in order to start looking for long opportunities:

Once the USDJPY breaks the top of the range, I’ll start looking for long opportunities, and hope the BOJ intervenes again :)

By the way, did you see what the minister of finance of Japan said (I quote): “I have become more concerned about the worsening of the yen’s one-sided movements. I will take bold action if necessary and won’t rule out any possible options”.

Scary isn’t it?

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 .