Forex market analysis as of 10/5/2023

Hello. Below are several recommendations for trading on the Forex market on 10/5/2023


The USDJPY pair paused today and drew a Doji pattern. And what to expect next. If you look at the monthly timeframe, you can see that they perfectly covered the void to the level of 147.36, collecting all the liquidity from below. There are still a large number of sellers in the transaction statistics. And we should probably expect an attack on the historical maximum of 151.94, but don’t forget about the level of 150.28, we can also give a reaction at it. I'm considering shopping here.

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