USD/JPY – Boring But Safe

Whilst waiting for set-ups on other instruments, I’ve taken advantage of a small but reliable trading range on USD/JPY. The range is defined by an uptrending channel meeting some overhead downtrending resistance. It has been good for several 15pip trades the past week. Of course nothing lasts forever and the short term trend appears to be turning down again (the grey zone) meaning bias will be short.

USD/JPY 1hr Chart

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