USDJPY – The increased activity was false. Sideways continues

27.10.2023

The changes that occurred during the last trading day on the pair in question are minimal. The attempt to grow quickly stopped, perhaps, it is only a small hiccup before further advancement. But the target can already be considered achieved and the whole ascending wave structure has long been completed.

It would be nice to start a decline, but the dollar has its own opinion, and the price is in a stage of extremely low volatility. In this situation, it is necessary to wait for an increase in activity and the appearance of a good directional movement, and then look for opportunities to make deals. And so the price can stay within a narrow price range for a long time.

Recommendations: flat.