Forex News USD/JPY: Range Trading To Continue; Where To Target? - BTMU

[Peter]

BTMU FX Strategy Research expects USD/JPY to trade in a 110-113 range in the near-term noticing that the pair's basis has not changed much as of late.

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[Marian Median]

Swing trading is a theoretical strategy whereby traders hope to exploit rang bound just as trending markets. By picking 'tops' and 'bottoms', traders can enter long and short positions likewise. Swing exchanges are considered medium-term as positions are commonly held anywhere between a couple of hours to a couple of days. Longer-term trends are favored as traders can profit by the trend at numerous focuses along the trend.