Elliot_Myers

USD/JPY FOMC To Set The Tone

FX:USDJPY   U.S. Dollar/Japanese Yen
12 0 1
The pair has traded tightly between the 74.6% fib and 38.20% fib for 2 weeks now which means that a catalyst event like the FOMC meetings Wednesday has the potential to set break the range bound trading.

Keep a close watch on your Fib levels for Wednesday and trade on the correction when/if a breakout occurs to either side.
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