USDJPY, reversal preparation down

Daily chart: The growth of the pair stalled in the resistance zone 122.51 (the upper band of the Bollinger), from where a potential reversal bar is formed. As you can see, RSI also shows a possible reversal, so there are all the chances to see next week a massive fall of the dollar.

N4: Low trend potential suggests that the market may need some consolidation within the top envelope (121.38-122.51) before the final loss of bovine momentum.

H1: Stable The intraday bands of the Bollinger potentially limit the reduction in support 121.38. Resistance – 121.96 and 122.51.

Conclusions: Flet in the range of 121.38-122.00.

Trade Solutions: Sales from Zone 122.00.