USDJPY – Currency Pair Trading in a Narrow Range

23.08.2024

H4: The situation on the chart remains unchanged. The currency pair is consolidating within a narrow range. Against this backdrop, today we expect predominantly sideways movement, with a medium-term priority on a scenario of a price decline towards the (2/8) level. The nearest resistance for the price is at the four-hour super trend line.

Trading Decisions: Sell at 147.00, TP 143.75.