USDJPY – Growth is close to its limit

18.08.2023

Daily: the pair is approaching a possible climax – touching the upper boundary of the Bollinger envelopes in the zone of 146.00-146.15.

H4: the first signs of bearish divergence also suggest that the pair is unlikely to go above 146.00.

H1: powerful triple divergence on RSI. At the same time, the upper Bollinger envelope was broken, which does not exclude another short-term impulse to 146.00.

Conclusions: growth to 146.00 and a sharp reversal down.

Recommendations: Sell from 146.00.