USDJPY – Trade range 137.00-137.55

09.12.2022

Daily: the bulls remain persistent in testing the 138.49 zone (middle Bollinger band). The level has not been touched yet, so the growth scenario is still relevant.

H4: A good rebound from 136.45 (middle Bollinger line) also looks optimistic in terms of movement towards 138.49.

H1: we see intraday resistance at 137.55 (upper Bollinger band). There are no more challenging targets for today.

Conclusions: Growth towards 137.55, then pullback to 137.00.

Recommendations: Trade in the range of 137.00-137.55.