Technical analytics

USDJPY market technical outlook

USDJPY

Daily chart:

A very strong bearish momentum is still in place. Yesterday’s session was closed below middle Bollinger band (108.364), that allows to reckon on further move inside lower bands in direction of dynamic support 107.267.

H4-chart:

Active trending pressure of ADX indicator in favor of bears. We expect continuation of quotes’ decline in direction 107.793 and 107.267.

H1-chart:

Intraday dynamics is also explicitly bearish, therefore we expect further drop of this asset’s quotes.

 

Expectations:

Decline in direction 107.793 and 107.267.

Trading recommendations:

Shorts towards 107.793 and 107.267.

 

New articles