USDJPY is consolidating between the 112.00 support zone and 115.00 resistance zone. The box consolidation is clear and have been formed since 2017 first days.
We're now close to a breakout and down to 110.00 area? Or we're about to bounce back to the top of consolidation?
The next days will clear things out, the way I plan and execute my trades is more on breakout moments. So I'll watch closely today and tomorrow price reaction to this support zone and if it presents me as a break, I'll be there. If price starts to feel strong support and come back at higher leves, I'll be watching aside.
We're now close to a breakout and down to 110.00 area? Or we're about to bounce back to the top of consolidation?
The next days will clear things out, the way I plan and execute my trades is more on breakout moments. So I'll watch closely today and tomorrow price reaction to this support zone and if it presents me as a break, I'll be there. If price starts to feel strong support and come back at higher leves, I'll be watching aside.