4:33a GMT – The USD/JPY has been lifted in the past month on a stronger USD and weak news coming out of Japan. As traders look for further direction with the dollar a decent range trade has emerged between 110 and 108. If you prefer buying with the trend then buying at the lower end of this range would be preferred as the pair has been in a steady uptrend for months.

Trading Idea: look for bullish reversal candlesticks to confirm the trade near 108 and bearish candlestick reversals around 110.

(click to enlarge)

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Source: Technical Analysis – USD/JPY Range Trade
Forex signals from: PipHut.com

5:02a GMT – After securing a 100-pip profit on the last rise (see free forex signal) the EUR/USD pair could be entering a tight range for the short-term between 1.5840 and 1.5715.

Trading Idea: As the pair approaches the top of this range (currently at 1.5816) look for selling opportunities with stops above. Caution is advised, however, as the pair ultimately looks to be in an upswing. Short targets at 1.5785 and 1.5735.

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Source: Technical Analysis – EUR/USD Entering Tight Range
Forex signals from: PipHut.com