USD/JPY:
79.43
Very Short-Term Trend: Sideways
Outlook: The hourly chart remains neutral as the prices are trapped in a tight trading range. This range is not well defined, but we can say that some important support is located at 79.00 and an important resistance level near 80.00. Considering the trending conditions now, I expect this trading range to continue to contain the price action today. And that means I see no compelling trading opportunities here.
Strategy: Stand aside.