USDJPY – Buyers’ Advantage

04.08.2023

Daily: quotes continue to grow towards the upper Bollinger band (144.35). At the same time, there is a lack of trend potential on the part of ADX, so a corrective pullback of quotes cannot be ruled out.

H4: the bullish vector of movement towards the resistance area of 143.64-144.35 (upper Bollinger band) remains here.

H1: the hourly upper Bollinger envelope was broken, which is a signal of the upward movement continuation. We consider the middle Bollinger band (142.44) as a buying area.

Conclusions: growth to 143.00, with an aim at 143.60.

Recommendations: Buy at 143.00 and 143.60.