USDJPY remains in a broader uptrend but has recently stalled after breaking out of multiple ranges. This setup targets a short-term move as price attempts to test the top of a lower timeframe range—likely the daily. We're trading within nested ranges here, looking to catch a small piece of the move before higher timeframe resistance steps in.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.