USD/JPY should remain side-lined between 105.00 and 106.60 in the short-term horizon, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “In line with our expectation, USD traded sideways yesterday but the registered range of 105.28/105.69 was narrower than our expected range of 105.25/105.75. Indicators are mostly ‘flat’ and further sideway-trading would not be surprising. Expected range for today, 105.20/105.80.” Next 1-3 weeks: “We highlighted on Monday (03 Aug, spot at 106.00) that the ‘outlook is unclear and USD could trade in a choppy manner within a broad 105.00/107.00 range’. However, USD traded in a relatively calm manner as it drifted lower over the past few days. The price action offers no fresh clues and for now, we continue to expect USD to consolidate, albeit within a narrower range of 105.00/106.00. Looking forward, only a clear break of 104.70 would indicate that USD is ready to tackle the 104.00 level.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold consolidates near record highs, flat-lined around $2060 area ahead of NFP FX Street 2 years USD/JPY should remain side-lined between 105.00 and 106.60 in the short-term horizon, noted FX Strategists at UOB Group. Key Quotes 24-hour view: “In line with our expectation, USD traded sideways yesterday but the registered range of 105.28/105.69 was narrower than our expected range of 105.25/105.75. Indicators are mostly ‘flat’ and further sideway-trading would not be surprising. Expected range for today, 105.20/105.80.” Next 1-3 weeks: “We highlighted on Monday (03 Aug, spot at 106.00) that the ‘outlook is unclear and USD could trade in a choppy manner within a broad 105.00/107.00 range’. However, USD traded in a relatively calm manner as… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
