Technical analytics

USDJPY market technical outlook

USDJPY

Daily chart:

The asset keeps flat tone of trading and sideways range between middle Bollinger band (109.51) and resistance 110.17. There are no any reactions from ADX indicator that points to extension of the current tendency.

 

H4-chart:

Local borders of flat can be marked by support level 109.68 and resistance 110.06. Volatility is low and ADX resides in a weak zone. Thus this range may quite suffice for further flat trading.

H1-chart:

Intraday dynamics most likely won’t let you open trades today: the range doesn’t exceed 11 points and stays inside Bollinger bands (109.76-109.87).

 

Expectations:

Flat in the 109.76-109.87 range.

Trading recommendations: Absent.

 

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