Today's idea: pay attention to USDJPY

Every day we analyse the market trends, select the most newsworthy asset, and prepare technical analysis on it—to help you reduce risks and get prepared.

The range continues to be fixed between 107.331 and 107.953. RSI is neutral and stochastic is close to overbought.

USDJPY will likely move towards 107.331. If a breakdown occurs at the level of 107.331, the price will go to 106.719. If a breakout occurs at the level of 107.953, the price will reach 108.565.

What the picture is now

The range continues to be fixed between 107.331 and 107.953. RSI is neutral and stochastic is close to overbought.

What the possible outcomes are

USDJPY will likely move towards 107.331. If a breakdown occurs at the level of 107.331, the price will go to 106.719. If a breakout occurs at the level of 107.953, the price will reach 108.565.

Trade USDJPY

Please note! This is not a direct instruction on which order to open. When applying this information, you remain solely responsible for the decision you make and the financial risks you take.