USDJPY technical analysis.


Market (21 above 55) is flat. Price (5 above 8) is flat. Stochastic is moving up. Resistance levels at: MPP/WR1/112.0, WM4/112.50/MM3 and WR2/113.0. Support levels at: WM3/111.0, WPP/MM2 and 110.0/WM2. Price is stuck in a range between MPP/WR1/112.0 and WM3/111.0 and is therefor using the range trading strategy. I am looking to sell at resistance with a overbought Stochastic.

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