Technical analytics

USDJPY market technical outlook

Daily chart:

As it was supposed the major remains in a flat around the area of middle Bollinger band (108.60). Boundaries of horizontal range are much wider - 108.15-109.43 and it makes harder the search of trading moves.


We note local borders of sideways channel inside Bollinger bands (108.38-108.97). We can consider opening trades from these walls.


We confirm strong local support at 108.38-108.44, from where we can go long with count on move towards 108.88 (upper Bollinger band).


Flat in the 108.38-108.88 range.

Trading recommendations:

Trading from the borders of 108.38-108.88 range.