USDJPY, Trading range 103.50-103.90

27.01.2021

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Daily chart: the market continues to rotate around the middle Bollinger band (103.58). ADX remains in an extremely weak zone, so the flat continuation scenario also remains relevant today.

Н4: with a high probability the trading range will not exceed 40 points today, remaining within the Bollinger envelopes (103.50-103.90). A decline in trend potential is a proof of an undirected trend.

Н1: the hourly chart shows bearish pressure towards support at 103.50. Most likely, this level will keep the fall. Although, a short-term price spike cannot be ruled out either.

Conclusions: flat in the range 103.50-103.90.
Trading decisions: short-term deals in the range 103.50-103.90.