Strengthen your trading strategy? How about a statistical entryFor those watching or trading the USD/JPY pair: the spread of 0.007–0.0072 on the Yen futures is still in play
We're 30 days out from expiry, and there are no clear reasons to brake a rally in the futures contract (which would mean a drop in USD/JPY).
Now, a quick word on Expected Range (ER) and its boundaries.
As we’ve seen, price didn’t quite reach the 2 ER level before bouncing back up. Quick note here — price doesn’t owe us anything. It doesn’t have to hit any statistically calculated levels just because we’re watching them.
But if it *had* reached that 2 ER boundary, it would’ve been a killer entry setup. Why? Because as a reminder, 2 ER marks about a 95% probability that price won’t break through — meaning a strong chance of a bounce.
P/S
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