USDJPY Forecast

The USDJPY made another insignificant movement yesterday. There are no changes in my technical outlook and aggressive intraday traders can still take advantage of the current range market by short around 77.50 or long around 76.21/00 with tight stop loss. No need to rush in this consolidation phase. A quick look at weekly chart below reveals that price has been moving indecisively in the last three weeks, making three Dojis and another Doji this week should not be a surprise.

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