USDJPY – Flat Forecast

16.02.2022

Daily: The currency pair under consideration is directed towards the upper Bollinger envelope (116.20), where significant resistance is expected, as there is too little ADX potential for a breakout.

Н4: Bollinger bands, stable on this timeframe, have formed a corridor for 90 points 115.12-116.07. If buyers fix above 115.58-115.66, the upper line of the range will be tested.

H1: Generally speaking, the market is clearly flat. There is no potential for a trend and the trading range will probably not exceed 20 points (115.55-115.75).

Conclusions: Flat in the corridor 115.55-115.75.

Recommendations: Intraday orders in the corridor 115.55-115.75.