12 April 2016, USD/JPY
Daily chart: The price is heavily oversold and there are many bars outside the Bollinger envelopes. This is the background against which we still wait for any kind of the upward pullback.
Н4: here the pair is localized within the bottom Bollinger envelope (107.25-108.58). Upon that, we note rounding of the bottom band, which can be a sign of reversal
Н1: a calm flat horizontal corridor within the Bollinger envelopes (107.71-108.24)
Expectations: flat within the range 107.71-118.25
Trading solutions: Wait or trade within this corridor.
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