USD/JPY Approaching Range Top

Good morning traders,

Remember when USD/JPY broke support, but was immediately bought back up with vigour?

The run up had some quality momentum behind it and as you can see from today’s Monday open, price has gapped up again higher:

USD/JPY Daily:

Click on chart to see a larger view.

But with price now rapidly approaching the top of the range that we bought in the blog that I’ve linked to above, the question now becomes how much more has the pair got in it until resistance holds?

Zoom into your intraday charts and we’ll find some short term levels to short on rallies.

Best of probabilities to you!

Dane Williams – Vantage FX

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Source: Vantage FX Blog