In forex, a range refers to a period of time when the price of a currency pair moves within a certain price range or channel. This means that the high and low points of the currency pair’s price action are relatively stable and do not break through major support or resistance levels. Traders who trade ranges may use various technical analysis tools to identify potential entry and exit points within the range. A range-bound market can present opportunities for traders who are looking to profit from short-term price movements, but it can also be challenging for traders who prefer more volatile market conditions.