Dear Traders,

I used to mention there were 2 range bounds existed in USDJPY pair – Inner Range and Outer Range.

Now this pair seems to have moved up a bit, and now forming the new range bound with the top of Outer Range and the top of the Inner Range.

2015-11-03_14-48-54-UJ

Thus it makes sense to do RangeBound Play.  We should make use of Oscillator for that.  When the price reaches to the top, look for the Oscillator, and sell when the Oscillator comes back to the normal trading zone, or vice versa.

I would rather “Long only”, as my bias is Bull.    I also suggest you should only trade one direction when trading on Range Bound, based on your Bias.

 

Hope this info helps.

 

 

YJ Baik – Forex.Today @ Tokyo

 

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