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The flat day

14 August 2015, USD/JPY

Daily chart: the pair entered the flat corridor 123.36-125.00, and we can’t ignore the northern direction of the pressing.

The flat day

Н4: the local tend to the decline till 123.90 (the bottom Bollinger band)

The flat day

Н1: very narrow corridor 124.33-124.49. It is not clear how the pair will stay in such narrow corridor but the ADX state shows it.

The flat day

Expectations: either we will see the narrow flat 124.33-124.49, or the pair will go down to 123.90.

Trading solutions:

1) Miss this day till tomorrow or monitor for the probable signal to buy from 123.90.

Aleksey Panasenko
FreshForex Analyst
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