Flat is into range 112.35-113.11

22 February 2016, USD/JPY

Daily chart: Bollinger Envelopes are expanding and ADX is active that is why bears can expect decrease in bottom line (110.41)

Flat is into range 112.35-113.11

Н4: local flat range is 112.35-113.50

Flat is into range 112.35-113.11

Н1: horizontal Bollinger Envelopes and weak ADX. Intraday we are expecting flat in ranch of 112.35-113.12.

Flat is into range 112.35-113.11

Expectation:: flat is 112.35-113.11

Trading decisions: trading in corridor 112.35-113.11.

Aleksey Panasenko
FreshForex Analyst
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