SteynTrade

USDJPY bussy with redistribution

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Now that redistribution has started we had a strong price move up (breaking the 21 Day OF) but not supported by volume. This has now defined the trading range that should develop (grey horizontal lines). Within this I expect some corrective structure to develop. For next week we should be going short after Tuesday.

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