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USD/JPY. The price remains in a narrow price range.

USD/JPY. The price remains in a narrow price range. | 22 February 2024

22 February 2024, USD/JPY

USD/JPY. The price remains in a narrow price range.

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.

Bob Stan
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