USDJPY – According to forecasts, flat today

02.02.2022

Daily: The price decline slowed down in the area of ​​the middle Bollinger envelope (114.70). After some consolidation in this zone, the bearish phase is likely to resume.

Н4: Support in the form of the lower Bollinger band is located under the current price of 114.48. This is the purpose of the bears for today.

H1: There is not a significant trend potential on all time periods, so the most likely scenario today is further consolidation within the Bollinger bands (114.60-114.83).

Conclusions: Flat in the range of 114.60-114.83.

Recommendation: Selling from the 114.83 zone to 114.60.