USDJPY: Trading lacks direction!
Today, USDJPY remains stationary, continuing its sideways movement with little reaction to market news.
Currently, the pair is in a consolidation phase, and the 4-hour chart indicates a blocked bullish momentum, lacking the drive to surpass record highs.
I'm not inclined towards favoring any direction and will wait for the pair to breach either a resistance or support level for a strategic entry point. How about you? What's your strategy for trading this pair?
Currently, the pair is in a consolidation phase, and the 4-hour chart indicates a blocked bullish momentum, lacking the drive to surpass record highs.
I'm not inclined towards favoring any direction and will wait for the pair to breach either a resistance or support level for a strategic entry point. How about you? What's your strategy for trading this pair?
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