USDJPY – Flat forecast

10.03.2023

Daily: the pair trades in the middle of the upper Bollinger envelope, which does not allow to consider today opportunities to open transactions beyond the day.

H4: strong resistance is observed in the area of 136.00-136.23. Support for the pair is provided by the level of 135.43. There is no trend potential.

H1: sideways orientation of the Bollinger envelopes also indicates the prevailing probability of flat forecast for the day. The trading range will be limited by the levels 135.84-136.13.

Conclusions: flat in the range of 135.84-136.13.

Recommendations: trade in the range of 135.84-136.13.