Ice_

Ninja (USDJPY) struggles within the range

FX:USDJPY   U.S. Dollar/Japanese Yen
As you can see in the chart, there's little to no space in the range where USDJPY has been locked in for some time (since the recent lower point), so here's some things to think about:
  • The US Dollar Index (USDOLLAR) may breakout the resistance and go higher
  • Or it may get rejected at the resistance and come back all the way down

Considering both scenarios and the similar positioning I took on GBPUSD, I thought it would be reasonable to post my thoughts here about this pair.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out