USDJPY – in the forecast flat

06.12.2021

Daily: The broadest correction of the market continues within the lower Bollinger band (112.29-113.94). So far, there are no signs of the end of this trend.

Н4: We can mark the framework of the local flat (112.66-113.51), where the price will remain for a long time, which is confirmed by a very passive ADX.

Н1: The trend potential on the hourly chart is also very low, so buyers will probably not be able to cross the barrier from the Bollinger Middle Line (113.00-113.10). Support is in the range 112.54-113.65.

Conclusions: Flat in the zone 112.54-113.10.

Decisions: Positions for short in the zone 112.54-113.10.