Technical analytics

USDJPY market technical outlook

USDJPY

Analysis method - “Trend Potential”

October 12, 2018

Daily chart:

Short-term downward tendency in direction of lower Bollinger band (111.19) preserves.

We confirm local bearish pressure in direction of the support 111.75 at lower Bollinger band.

H1-chart:

It’s quite likely, that the week will close calmly in sideways channel 112.01-112.46 (Bollinger bands), since ADX indicator resides on a very low level, that is inherent to flat.

Expectations:

Flat in the 112.01-112.46 range.

Trading recommendations:

Shorts from the 112.46 level.


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