USDJPY – Trading Range 147.04-147.54

15.09.2023

Daily: low trend potential on the part of ADX indicates a probable continuation of the flat trend in the middle of the upper Bollinger envelope.

H4: resistance at 147.68 (upper Bollinger band) is very close to the current price, which allows to consider selling from this level.

H1: stable horizontal Bollinger envelopes also limit intraday volatility within 50 pips (147.04-147.54).

Conclusions: flat in the 147.04-147.54 range.

Recommendations: trade in the 147.04-147.54 range.