USDJPY range bound for now but it will not last long

The USDJPY is stuck between the 106.100 and 105.912 zones as price consolidates. We do not expect this action to last for too long as bulls and bears get on edge. The price could break either way but we are biased up for a continuation move to 106.500. Watching for a washout of 105.912 and then a higher low entry setup.

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