USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵
Hey traders,
Analyzing a daily chart on USDJPY, I noticed that the market is stuck within a narrow horizontal range.
The price perfectly respects a key horizontal support & resistance.
This week, look for a breakout trade.
A bullish breakout of 140.4 - 140.8 (daily candle close above) will be a bullish signal,
and will lead to a continuation to 143.0 level.
A bearish breakout of 137.4 - 137.7 (daily candle close below) will push the market lower.
Next support will be 136.1.
Wait for a breakout, that will indicate us the future direction of the market.
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