USDJPY – flat expected

10.12.2021

Daily: There is a correction below the middle Bollinger band (113.94), despite yesterday’s close in negative territory. In case of today’s close with the formed bearish inside bar pattern, we can talk about the completion of the consolidation.

Н4: The area of ​​local correction can be marked within the upper Bollinger band (113.55-113.94). It is doubtful that volatility can be above 40 pips, given the very low trend potential of the ADX.

Н1: Here the flat movement of the pair in the horizontal Bollinger lines with the range 113.55-113.94 is also confirmed.

Conclusions: Lateral in the area 113.55-113.94.

Solutions: Short-term deals in the area of ​​113.55-113.94.