Forex Technical Analysis: Trend potential – Flat range

USDJPY – DownDaily chart: upper Bollinger band soared again to 115.11, raising the potential limits of the pair once again. So the first signs of starting downward reversal, which seemed to be confirmed, can soon disappear. Н4: local resistance level is 113.75 (upper Bollinger band), local support level is 111.60 (lower Bollinger band) Н1: surprisingly, the pair is locally within the even horizontal range 111.60-112.72 showing no signs of probable breakthrough. Expectations: wait for a rise to 112.72 and after that a rollback in the direction of 111.60 Solutions: 1. Buy closer to 112.72 2. Sell from 112.72 to 111.60
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