USDJPY Range

The USDJPY has again moved to a new 2015 high this week, peaking at a price of 125.05. However, price found resistance at this point, under today’s R3 Camarilla pivot at 125.06. Price is currently testing range support found at 124.47. A bounce at this value would open the market for a move back in the direction of the trend. A reversal would occur on a breakout below today's S4 pivot, on a move towards a new lower low.

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