Technical Analysis/Trade Ideas/USD/JPY

USD/JPY: Trading in a 5 pip range

Not much to get excited about there! I still like the idea of buying a dip towards technical support (prior highs and 61.8%) at 77.90 with a tight stop below the previous pivot at 77.70. I don’t expect that the pair will break much above 78.50 today but at least there is some risk-reward in that trade strategy.

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