USDJPY Forecast

The USDJPY made another insignificant movement yesterday. Price is still in a consolidation phase between 76.21 – 77.80 for more than a month now. There are no changes in my technical outlook and we need a clear break from the range area to see clearer direction. Aggressive intraday traders can still take advantage from the current sideways movement by short around 77.80 or long around 76.21/00 with tight stop loss.

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