The USDJPY had a bearish intraday momentum yesterday but overall still trapped in the range area. There are no changes in my technical outlook and aggressive intraday traders can still take advantage from current sideways condition by short around 77.80 or long around 76.21 with tight stop loss. I still see a good reason for a long term buy position.
©2011 FX Instructor Forex Blog - For Traders, By Traders. All Rights Reserved.