Technical analytics

USDJPY market technical outlook


Daily chart:

As it was supposed a downward reversal of the trend from 109.026 level (upper Bollinger band) is in progress allowing to consider short-trades from current levels in direction of middle Bollinger band (107.811).


Locally the major is being traded in the middle of Bollinger bands range (108.346-108.940) making search of the trades complicated as there is an equal probability of decline continuation or one more upward pullback towards 108.940.


Intraday market dynamics remains flat. Trading range probably will be limited by the scope of Bollinger bands (108.503-108.710).



Flat in the 108.503-108.710 range.

Trading recommendations:

  1. Short-term trades in the 108.503-108.710 range.

  2. Mid-term shorts from 108.710.

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