USDJPY Stuck in Consolidation
USDJPY is trading in a sideways within a narrow horizontal trading range.
106.6 level is the support of the range.
in case of its bearish breakout, the price will most likely go lower.
Next goal will be 106.05
107.15 level is the resistance of the range.
in case of its bullish breakout, the price may keep growing.
Next goal will be 107.5
both scenarios are equally possible.
I am a bit bearish bias because of the preceding strong bearish wave. but who knows.
be prepared.
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