Wizard

USD/JPY to trade in a range

FX:USDJPY   U.S. Dollar/Japanese Yen
I think that it is likely that USD/JPY             will trade in a range because there is a strong resistance at 105.54 with fib 50% level confluence and because USD/JPY's price chart has made similar paths up twice and i think it is likely that it will do it the third time, history tends to approximately repeat itself. My bias of USD/JPY             is short for about a week or till it hits the 105.50-105.00 zone.
BoJ just killed this prediction
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109.700 is a key level to watch (and whether there is bearish momentum divergence ), I might post an idea on this.
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