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Flat 112.19-112.61

Flat 112.19-112.61 | 01 April 2016

01 April 2016, USD/JPY

Daily chart: flat corridor within the Bollinger envelope (111.54-114.21, yellow area). So far, no signs telling about possible change of the trend in the trend.

Н4: on the local level, the pair retains southern orientation within the bottom Bollinger envelope.

Н1: the intraday flat narrow corridor 112.19-112.61. ADX shows some activity, but the trend is still far away

Expectations: Now we are waiting for continuation of the flat 112.19-112.61

Trading solutions: Looking for sales 112.61-112.81 with the medium-term target 111.82.

Aleksey Panasenko
FreshForex Analyst
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