USDJPY – Growth will continue

08.06.2022

Daily: The bulls continue the pressure, making new highs every day. So far, there are no signs that buyers will lose their trending potential. We are waiting for further growth towards the next round level.

Н4: The local upper Bollinger band is at 133.95, which is the actual target for the bulls today. ADX is in a strong zone, we consider only purchases.

H1: Bollinger’s hourly upper envelope was broken, which allows considering purchases from the middle Bollinger band (132.77) today.

Results: Growth to 133.95. Preliminary rollback to 132.77 is possible.

Recommendations: Purchases from 132.77 to 133.95.