Analityka techniczna

USDJPY market technical outlook

USDJPY

Daily chart:

The major undergoes the stage of downward technical correction, which supposedly will reach middle Bollinger band (107.13). Here we have a perspective pivot capable to trigger upward wave in direction of mid-term resistance zone 108.91-109.12.

The second part of scenario will be a matter of the next week of course.

H4-chart:

Local potential of bears is quite high, therefore we can expect break of support 107.78 at lower Bollinger band and further drop towards 107.13.

H1-chart:

Here we also have strong trending pressure of ADX in favor of sellers. We expect further decline of the quotes.

 

Decline in direction 107.13.

Trading recommendations:

Shorts towards 107.13.

 

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