USDJPY CHARTS – Don’t get all bullish just yet [Video]

LMAX Group Research Desk LMAX Group

The major pair has seen a contraction in range over the past several years. We're getting closer to the market breaking out of the range one way or the other, but until then, look for rallies to be well capped above 112.00 and below 105.00. A monthly close above the 2019 high at 112.40 would change the picture and suggest the major pair was seeing a bullish breakout.

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LMAX Group Research Desk

LMAX Group

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