FX.co ★ USD/JPY analysis for October 13 2022 - Watch for the breakout of the insde day range

Technical analysis:

Gold has been trading sideways at the price of $1.669 and I see potential for the breakout mode.

Trading recommendation:

Due to the sideways regime and narrow range days, I see potential for the breakout of the range.

In case of the upside breakout of the resistance at $1.682, watch for buying opportunities on the intraday dips with the upside objective at $1.725

In case of the downside breakout of the support at $1.659. watch for selling opportunities with the downside objective at $1.619