ClearEdgeFX

USDJPY - 4H - CURRENTLY IN THE CONSOLIDATION ZONE - WHERE NEXT?

FX:USDJPY   U.S. Dollar / Japanese Yen
As we can see this one has been in a relatively tight box for the past week. As we can see price is approaching the trendline but we wouldn't take any trades until we see a clear break of the box in either direction. Our view is that a break to the downside could give us 200-250 pips.
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