Get started
BlueberryMarkets

USDJPY TO REMAIN RANGE BOUND?

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
BlueberryMarkets  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators Chart Patterns Forex forextrading blueberrymarkets USDJPY usdindex
10
2
trendanalysis indicator chartpattern forex forextrading blueberrymarkets usdjpy usdindex
USDJPY looks likely to remain rangebound as price looks to be forming a bearish engulfing candle on the daily timeframe.
This is largely down to the current JPY strength which could be caused by some risk off coming back into the market.
If the JPY strength continues we can look for potential range trading opportunities back into the lows.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.