USDJPY – Flat forecast

04.11.2022

Daily: The flat in the area of the middle Bollinger band (148.00) continues, and the signs of an exit from this trend this week, apparently, will not be.

H4: Downward movement phase towards the lower border of the Bollinger Bonds (146.88). It is almost 80 points to the target, so it makes sense to sell.

H1: A correction to 148.08 (middle Bollinger line) cannot be ruled out. It is this area that is the most promising for selling.

Scenarios:

  • Main – pullback to 148.00, then decrease to 147.00.
  • Alternative – decrease from the current levels.

Recommendations: sales in the direction of 147.00 and 146.00. Optimal entry area is 148.00.