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Flat day

05 April 2016, USD/JPY

Daily chart: the price is accumulating trend bearish potential but so far ADX has not shown enough activity, so we expect a pullback to the middle Bollinger band (112.79) before the main phase of drop of the pair

Н4: a more localized resistance from the middle Bollinger band (112.04), support is at 111.14 (the bottom band).

Н1: flat horizontal range 111.14-111.73. ADX is passive, so we are based on such a scenario

Flat day

Expectations: flat 111.14-111.73

Trading solutions: we are looking for sale opportunities around ​​111.73-112.04

Aleksey Panasenko
Analyst of «FreshForex» company
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