USDJPY – Trading Range 148.41-148.85

13.10.2023

Daily: the pair is barraging in the zone of the middle Bollinger band (148.77), with no signs of trend change. We are likely to see a continuation of the flat.

H4: stable horizontal Bollinger envelopes limit the potential trading range to 148.23-149.44. This is more than enough, and most likely, these boundaries will not be demanded within one day.

H1: we note strong zones of support (148.41-148.52) and resistance (148.77-148.85), which will be restraints for the pair within today’s trading session.

Conclusions: flat in the range of 148.41-148.85.

Recommendations: trade in the range of 148.41-148.85.