Hello traders,
as we can see the USD/JPY pair is in a tight range since the middle of the year and there is no pattern formed.
The Daily chart:
There were several false Bullish starts and 1 huge drop to nearly 118. After all everything ended where it started.
The picture on the weekly chart shows that after reaching the level 120 there was only noise and nothing more:
So in conclusion I can say only other possibilities:
1) Fed decides to increase the i-rate - USD/JPY probably will go up to…
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