Technical analytics

USDJPY market technical outlook


Analysis method - “Trend’s Potential”

August 14, 2018

Daily chart: The major is currently being traded within lower Bollinger bands (110.16-111.45). ADX entered the trending area, therefore, increase of volatility is possible.

H4: Horizontal corridor within Bollinger bands (110.34-111.27).

H1: Downward local phase of the movement in direction 110.80 and 110.53.

Expectations: Decline towards 110.80 and 110.53.

Trading recommendations: Shorts towards 110.53.