USDJPY has been ranging for about 7 days, Between 125.989 and 125.170. USDJPY had a false breakout on April 12 but quickly came back to the ranging zone. USDJPY broke out again with a quick retest where I placed a Buy stop right above with a 31 pip Stop loss. I will move my stoploss based on market structure so no profit target in mind.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.