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Forex Analysis & Reviews: USD/JPY trapped between 145.00 and 143.93 levels
time 30.09.2022 03:50 PM
time Relevance up to, 01.10.2022 03:50 PM

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USD/JPY Narrow Range!

The USD/JPY pair continues to move sideways in the short term and it seems undecided. It is trapped between the 145.00 psychological level which represents an upside obstacle and the 143.93 former low which stands as a downside obstacle.

Breaking through one of these obstacles could bring us a clear direction and could help the traders to buy or sell. In the short term, it could extend its sideways movement.

USD/JPY Trading Conclusion!

Dropping below 143.93 activates a downside movement.

Jumping and stabilizing above 145.00 signals further growth at least towards the 145.79 higher high.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2022
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