USDJPY – Trading in a small range

21.12.2021

Daily: The dollar-yen continues to trade sideways between the levels of 113.27-114.19, with no obvious active signs from the ADX.

Н4: Here, too, the Bollinger bands are clamping the price in the corridor 113.27-114.11. ADX does not give signals of a potential trend.

Н1: The local situation is the same – there is no trend potential, intraday volatility is unlikely to exceed 35 points. Today is expected to be flat in the indicated range.

Conclusions: Lateral in the range 113.44-113.79.

Resolutions: Intraday trades at 113.44-113.79.