USDJPY – Down to 133.08

21.04.2023

Daily: The breakdown of the upper Bollinger envelope has not occurred, so a pullback to the middle Bollinger band (133.08) can be expected.

H4: The sell-off area is the zone of two middle Bollinger lines (134.09-134.34). The nearest strong supports are 133.68 and 133.08.

H1: A similar pattern intraday as well. A short impulse rise is likely to fool the buyers, after which the price will collapse to 133.08.

Conclusions: decline to 133.08.

Recommendations: Sell to 133.08.