USDJPY – We are waiting for a decline to 134.82

06.07.2022

Daily: Despite some growth yesterday, the quotes keep the general downward trend. Key support lies at 135.20 (middle Bollinger band).

H4: The maximum downside target is 134.82, where the dynamic support level from the lower Bollinger band is located. Envelopes are stable, so movement under this mark today is unlikely.

H1: On the hourly chart, there is a breakdown of the lower Bollinger envelope, which will contribute to a decline to the area of ​​134.82.

Bottom line: Decline to 134.82, then bounce up.

Recommendations:

  • Selling to 134.82.
  • Purchases from 134.82.