- 124.40 is the strong resistance : USDJPY bounced back after testing this level.
- Below the price is VERY THICK KUMO CLOUD, After a rocket to jump above Kumo cloud, USDJPY chooses this level as a support.
- Support is at 133.50
Range: 123.5 - 124.40 : 90 pips.
This is a small and tight range: This range is very hard to hold the price.
I wait for a breakout.
Any break is a signal to follow the trend.
Hard to say about a clear move for USDJPY next week:depend on US Equity : USDJPY only rallies when US Stock goes up.
And to trade USDJPY next week, I think I should wait after a breakout happens.