FX.co ★ remington.kihn | USD/JPY

On the 30-minute timeframe, the USDJPY currency pair using the Bollinger indicator. Currently, I am paying special attention to the level of 154.953 and possibly slightly below. I consider this level as the target price for closing a short position. Given the current situation, where it is most advantageous to sell, opening short positions is preferable as long as the currency pair remains below the level of 155.512. A breakout above the 155.512 mark with subsequent price consolidation is currently considered unlikely, but not ruled out. This would be a prerequisite for considering full-fledged purchases with a potential target at the level of 156.072. At the moment, I am sticking to my selling position and closely monitoring the dynamics of tick volumes, especially in combination with the Bollinger indicator, as these two tools often provide useful insights.