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USDJPY mired in a 32 pip trading range but nontrend transitions to trend. Be aware.

USDJPY mired in a 32 pip trading range but nontrend transitions to trend. Be aware.
With nearly 1/2 of the North American session is now over (and most of the day over), and the USDJPY remains in a very narrow 32-pip trading range for the day. That is only 31% of what is a normal day over the last trading month (the normal range for a day is 102 pips). Why bother?When markets are non-trending, it is time to think about trend. Why? Because non-trending transitions to trending. Putting it another way, the price is not going to stay at the current levels for long. There will be... Read More
Posted: Sep 18 2023, 17:08
Author Name: forexlive
Views: 091988

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