USDJPY – Flat Forecast

21.07.2022

Daily: the trend potential of the ADX indicator is falling, so the pair is stuck in the middle of the upper Bollinger envelope (136.70-139.25). Price movements both up and down are equally likely.

H4: Stable horizontal Bollinger envelopes limit the possible trading range to the levels of 137.76-138.52.

H1: We note the localized dynamic support at the round level of 138.00. Resistance today will be the belt 138.42-138.52. Forecast for the day – flat.

Results: Flat in the range of 138.00-138.52.

Recommendations: Trade in the range of 138.00-138.52.