USDJPY – Trade range 138.29-138.70

26.05.2023

Daily: ADX remains in the strong trend zone in favor of buyers. The upper Bollinger band is soaring “into the sky”, which indicates the likely continuation of the growth of quotations.

H4: here we have some stability in the Bollinger envelopes, which limits the trading range of the upper band (138.29-138.96).

H1: inside the day there is also a stable sideways trend. The trading range is not likely to exceed 41 points (138.29-138.70).

Conclusions: flat in the range of 138.29-138.70.

Recommendations: transactions in the range of 138.29-138.70.