USD/JPY Ranging Between Two Camarilla Pivots

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The USD/JPY is ranging. We will see the range until it is broken. At this point volatility in the pair significantly dropped so we can see only the breakout levels.

107.85 is the breakout point to the upside. A close above will give the price a bullish momentum so, 107.90 is next will 108.36 as the final target. A close below 107.30 and the  price is going to retest 107.00 and 106.85, where we might expect another bounce. Until the breakout of the running triangle happens, the pair will be stuck in range between red lines.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

 

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