Technical analytics

USDJPY market technical outlook


Daily chart:

Market so far is unable to push off the middle Bollinger band (109.387) every time showing faltering in an upward phase. Yesterday a bearish pinbar was received promising a pullback to 109.387 again.


Strong dynamic support at 108.387 can be well seen on this time-frame as well. It’s a very perspective area for long-trades.


Weak potential of ADX suggests limited prospects of decline. We expect testing of 108.387 and following upward bounce in direction of middle Bollinger band (108.798).



Decline to 108.387 and then growth towards 108.798.

Trading recommendations:

  1. Shorts towards 108.387.

  2. Longs from 108.387 to 108.798.

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