USDJPY – We mark a promising area for purchases

18.01.2022

Daily: An up pin bar works out pretty well. The bulls have every chance to reach the upper Bollinger band (116.08) in the coming days.

Н4: An important level of resistance in the area of ​​115.00 (the combination of the upper Bollinger envelope and the round level) can push the price to a slight rollback towards the middle Bollinger line (114.34).

Н1: The hourly upper Bollinger band was overcome, which is a signal of further growth. A good entry point for long positions is the middle Bollinger band (114.62).

Conclusions: Correction to 114.62, after which growth towards 115.50 and 116.08 (extraday).

Recommendations: Buy from 114.62 to 115.50 and 116.08.