USDJPY – Flat forecast

11.11.2022

Daily: the pair confirmed the rebound from the lower Bollinger Band (145.23), which might take the pair down to the midline (147.84).

H4: Directional trend is absent here, the dominant trend is sideways, in the current upward phase. Resistance is at 147.05 (confluence of the round level and the upper Bollinger band).

H1: Mark the borders of the Bollinger envelopes, which, with a high probability, will not be broken through today: 146.02-146.55. Forecast for the day – flat.

Conclusions: Flat in the range 146.02-146.55.
Recommendations: trade in the range of 146.02-146.55.