the daily chartist

USD/JPY recap for 29.09; 30.09; 01.10.2015

published 4 years ago

 The yen seems is going to find a direction, but don't be too fast. The range is still strong and any movement bellow 119.422 or 121.232 and 120.624 may be a fake brake out. My recommendation is to wait and see what will happen in time and wait for a proof that the price will move confidently in a trend-like manner up or down. Play out the range in the lower time frames again if you wish to scalp the bottoms and tops.