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AlkalineFX
Aug 11, 2020 6:21 AM

USDJPY - Ranging 

U.S. Dollar/Japanese YenFXCM

Description

This pair is caught within a range and is failing to break this significant resistance zone marked. I will only be looking to place a trade here if we manage to break above and re-test as illustrated. If we don't see that and we stay within the range then I will simply look for opportunity elsewhere until a breakout becomes apparent.

Please view my previous idea in 'related ideas' so you can get an idea of my thought process for this analysis.
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