USDJPY – The calm before the storm?

21.09.2022

Daily: The pair simultaneously keeps the probability of both flat at the current levels and growth in the direction of the upper Bollinger Band (146.32).

H4: There is no trending potential of ADX, which limits the possibility of growth above resistance 144.00 (upper Bollinger Band).

H1: The fall of ADX also indicates the likely pullback of the quotes to the support area 143.55, where it will be decided whether the bulls will be able to retain the uptrend or break it down.

Bottom line: A pullback to 143.55, then a rise to 144.00.

Recommendations:

  • Selling to 143.55.
  • Buying from 143.55 to 144.00.