USDJPY – 133.40-134.00 trading range

30.12.2022

Daily: the upward technical correction has almost reached the middle Bollinger band (135.06), from where there are clear signs of a sell-off. Taking into account the broken bottom Bollinger envelope, it is logical.

H4: the strong pilot zone 134.50-135.00 is unlikely to be broken by the bulls on the background of falling ADX.

H1: The intraday dynamics does not go beyond the flat. The trading range is limited by the lower Bollinger envelope (133.40-134.00).

Conclusions: a flat in the range of 133.40-134.00.

Recommendations: trade in the range of 133.40-134.00.