USDJPY: Your Trading Plan Ahead of FED 🇺🇸🇯🇵

٣ أبريل

https://www.tradingview.com/x/CoGuFNPu/

USDJPY is currently accumulating within a narrow horizontal range on a daily.
It looks like the market participants are waiting for some important fundamental data
to decide where to push the prices.

I see 2 potential scenarios.

Bullish
151.70 - 152.00 is a key horizontal resistance.
Its bullish breakout - a daily candle close above, will be a strong bullish signal.
A bullish continuation will be anticipated at least to 153.0 level then.

Bearish
151.0 - 151.3 is the support of a daily range.
Its bearish breakout - a daily candle close below, will be a perfect signal to short.
The first goal for the sellers will be 150.3 support.

Wait for a breakout, it will give you a strong confirmation.

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