Aerdynamik

USDJPY Ranging Market idea

FX:USDJPY   U.S. Dollar/Japanese Yen
56 0 1
From the downside comes a support at 0.382 retracement and psychological barrier of 104.00, from the upside a high from 2 days ago and a 4 hour 200 bar Moving Average. Trade between these post take profit somewhere in the middle. Whenever you see a break on hourly chart that breaks above these floor and ceiling it should be a start or a new bearish/bullish move.
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