Technical analytics

USDJPY market technical outlook

USDJPY

Daily chart:

Uptrend continues. The major retains active bullish ADX and upper Bollinger band is again elevated in relation to yesterday’s trading session by 10 pips pointing to 110.45 mark, which acts as the closest target for buyers.

 

H4-chart:

We note the presence of tangible ADX pressure in favor of bulls. Here we assert positive forecast on the asset as well.

 

H1-chart:

Local dynamic resistance stands at 110.30. We expect its break and touch of 110.45. This currency pair is not too volatile, therefore such minor moves is a typical situation.

 

Expectations:

Growth to 110.45.

Trading recommendations:

Longs to 110.45.

 

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