USDJPY – Sideways forecast for today

17.12.2021

Daily: After yesterday’s unsuccessful attempt by the bulls to gain a foothold in the upper Bollinger band, a correction to the middle line (113.78) looks like a more likely scenario. There is also a decrease in ADX.

Н4: There is a support level for USDJPY at the lower Bollinger band (113.36), where long positions can be considered with the target of 113.78.

Н1: There is no ADX trend potential here, which tells us about a high probability of price fluctuations within 113.48-113.63.

Conclusions: Lateral within 113.48-113.78.

Solutions: Short-term orders within 113.48-113.78.