Technical analytics

USDJPY market technical outlook


Analysis method - “Trend’s Potential”

September 14, 2018

Daily chart: Horizontal mode of trading within upper Bollinger bands (111.10-112.03) preserves.

H4: Upper Bollinger band is broken, that makes possible new upward phase of the movement.  At the same time ADX hints that main events will take place after weekend.

H1: We note local corridor, where the major can get into flat today: 111.73-112.03 (Bollinger bands).

Expectations: Flat in the 111.73-112.03 range.

Trading recommendations: Absent.

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