Dear Traders,

USDJPY pair still remains within the range.

Thus the basic trade plan remains the same as before.  (See my yesterday’s USDJPY trade plan for details)

I just summarized the possible Long Entries since my Mid-Term bias is Bull.

Of course, if your bias is Bear, you can reverse this strategy – Sell from the top of the range, and sell the rally after the break of the bottom.

I would, however, recommend you not to try both ways (buy & sell).  Even in the range bound market, it is better to stick to one direction, hopefully in sync with your bias.

 

Hope this trade idea helps you a bit.

 

 

YJ Baik – Forex.Today @ Tokyo