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DCM_Markets
Feb 29, 2024 9:30 PM

USDJPY Bias Long

U.S. Dollar/Japanese YenFXCM

Description

My bias for the DXY remains long on USD strength. So I'd expect to see price action on UJ continue within its range for the remainder of the week, moving from support to resistance.

Trading a range can be difficult, but through backtesting, education and experience, taking positions in this market type can become second nature.

I'll be utilising the lower timeframes to look for entries that match my edge, and agree with my higher timeframe 4h bias.

What's your plan for UJ?
Comments
Babenski
Nice and clear levels are shown in your chart
DCM_Markets
@Babenski, Thank you! I always feel that the cleaner the analysis is, the easier it is to follow.
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