USD/JPY. The price remains in a narrow price range. | 22 February 2024
22 February 2024, USD/JPY
The latest trading day turned out to be quite dull. The price continues to trade within a narrow price range without making any efforts to rise or break through to the downside. In light of this, the previously suggested assumptions remain relevant.
The price may still attempt to either retest the indicated maximum or begin a decline. The latter option remains primary, but to start trading based on it, certain conditions need to be met.
For example, a breakout below the indicated level could be considered a signal to initiate selling positions.
Investment idea: Sell at 149.45, stop loss at 149.80, take profit at 145.00.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
