Technical analytics

USDJPY market technical outlook

USDJPY

Analysis method - “Trend’s Potential”

July 30, 2018

 

Daily chart: Major’s tendency for the flat at the area of middle Bollinger band (113.39) preserves.


H4: We note local horizontal mode of trading within Bollinger bands (110.75-111.39).


H1: More narrow side channel, where the pair, probably, will spend the whole today’s trading session - 110.87-111.14 (Bollinger bands). ADX is in an extremely weak area

Expectations: Flat in the 110.87-111.14 range.

Trading recommendations: Trading in the corridor 110.87-111.14.

 

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