USDJPY being traded in tight range
USDJPY seems to stay in tight range and being traded in the same manner during this week. USDJPY is getting towards 90.00 level and we might see USDJPY going sown from there towards 89.00 level. Intra-Day traders will more be interesting in buying USDJPY around 89.00 level for short intra-day target. If USDJPY manages to break 88.75 or 90.25 level, we might see the scenario clearing up for long term trades.
With the return of the Carry Trade in the very near future finding what to invest in will be somewhat more simple. May I suggest that you give the non-indicator analysis a try?
Whatever you use, you of course need to know exactly when and where to enter. Forex has extremely strong trending and massive scale so all the more important.
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