FXstreet.com (Barcelona) - The Dollar has been trading in a narrow range after having managed to hold above 98.50. USD rally from mar 6 low at 96.55 has halted at 99.10 so far.
The pair, according to the Mataf.net is in a bullish configuration, should remain trading at current levels: USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 96,50 and 99,70. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should continue to move in 97,25 / 99,70 range.