USDJPY Forecast

The USDJPY was volatile but indecisive yesterday made a Doji on daily chart. There are no changes in my daily outlook. Overall price is still moving in a boring sideways condition and I don’t see a good intraday trade opportunity except long around 80.00 – 79.55 with tight stop loss below 79.55 or short around 82.20 also with tight stop loss. If you are a long term trader, buy position might be good and has a better risk – reward ratio but of course with a proper position sizing.

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