USDJPY - Simple range trade
USDJPY ranging between the 107.900- 107.400 levels for around a fortnight now & unable to sustain a break either side.
A simple range short can be executed at the 107.900 level with great R:R, targeting the support of the range. Stops may be placed above the 108 psychological.
Conversely if bullish momentum pushes price through the range we could look to long on a break & retest of the 109.
A simple range short can be executed at the 107.900 level with great R:R, targeting the support of the range. Stops may be placed above the 108 psychological.
Conversely if bullish momentum pushes price through the range we could look to long on a break & retest of the 109.
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