MT4 - Not much to do here except exploit the range. USDJPY continues to trade smack in the middle of the sideways range between 77.90 and 78.79.
Should USDJPY break below the June 6th pivot low and downtrend top, the next areas of supply will be lying at 77.90 (1st Aug July low), 77.66 (1st June low), 77.36 (13th Feb low) then 76.58 (3rd & 17th Jan low).
The next levels of resistance remain unchanged at 79.79 (3rd Aug high), 80.21 (reversal), 80.62 (2nd May high), 81.60 (failed corrective rally), 82.56 (6th April high), 82.99 (3rd April high), trigger resistance at 83.40.
Should USDJPY break below the June 6th pivot low and downtrend top, the next areas of supply will be lying at 77.90 (1st Aug July low), 77.66 (1st June low), 77.36 (13th Feb low) then 76.58 (3rd & 17th Jan low).
The next levels of resistance remain unchanged at 79.79 (3rd Aug high), 80.21 (reversal), 80.62 (2nd May high), 81.60 (failed corrective rally), 82.56 (6th April high), 82.99 (3rd April high), trigger resistance at 83.40.
MT4 platform and analysis courtesy of Swissquote bank.
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