Technical analytics

USDJPY market technical outlook


Daily chart:

Consolidation continues under resistance 112.00-112.33 making equally probable potential scenarios of reversal (black arrow) or continuation (red arrow). Thus it’s a key region and it’s important for predictions.


A very low potential of ADX indicator doesn’t allow to reckon on break of the upper Bollinger bands’ range (110.79-111.75).


The same picture is on hourly chart: stable sideways channel within Bollinger bands (110.79-111.70) and low potential of ADX.



Flat in the 110.79-111.70 range.

Trading recommendations:

  1. Longs to 111.70.

  2. Shorts from 111.70 to 110.79.

New articles