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USD/JPY. The situation continues to remain unchanged.

USD/JPY. The situation continues to remain unchanged. | 28 February 2024

28 February 2024, USD/JPY

USD/JPY. The situation continues to remain unchanged.

The recent trading day for the USD/JPY pair was uneventful. The price continues to remain within a certain price range with low activity and volatility.
Attempts to push off from the local maximum and initiate a downward movement have not led to anything significant. However, the price cannot remain within a certain price range indefinitely. There will come a moment when activity sharply increases, and the price makes a swift move.
The assumption that this move will be downward still holds. It is recommended to hold onto previously opened sell positions. Opening new positions is not recommended at the moment.
Investment idea: Flat.
Bob Stan
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