FXWW News/USD/JPY

USD/JPY: Try to pick the 200 pip range

The market is long and bullish which should ensure dips are well supported but rallies will attract profit takers.

Sounds to me like a good recipe for range trading and it becomes a matter of picking the range.

I’d suggest support should emerge near 101.20 and resistance at 103.20.

Tags:eurjpy

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