USDJPY: Consolidation & Complete Indecision 🇺🇸🇯🇵

14 בספט׳ 2022

On a today's live stream we discussed USDJPY pair.
The pair is currently stuck within a horizontal trading range:
144.55 - 145.0 is its resistance
141.5 - 142.6 is its support.

Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:

If the price breaks and closes above the resistance of the range,
I will expect a bullish continuation at least to 146.5 level.

If the price breaks and closes below the support of the range,
a bearish continuation will be expected to 139.4 support.

Wait for a breakout & then follow the market!

What do you expect?

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