USDJPY – Flat outlook

01.09.2023

Daily: the pair entered the flat in the zone of hourly average Bollinger lines. In all likelihood, this trend will continue for another 24 hours, until the publication of macroeconomic background from the USA.

H4: here trading is limited by the size of the lower Bollinger envelope (145.48-146.25), which is quite enough for the average volatility on this instrument.

H1: we localize flat levels with support at 145.73 (lower Bollinger line) and 146.25 (upper boundary of the envelopes). The bulls have qualitatively defended on the lower boundary, so it is logical to expect growth.

Conclusions: growth to 146.25.

Recommendations: Buy at 146.25.