Looking for breakout setups out this funk we are in for this pair. Bears are looking for a break below 104.00 but we may be seeing the start of another bull leg in this unending USDJPY trading range. Let's see if market could forge out a break in either direction. For the bullish scenario, I'm watching levels marked by green boxes which are confluence resistance levels. I am not holding my breath. This pair haven't been very interesting for a while now (unless you're a trading the LTFs) but let's see what the market reveals in the coming weeks.
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