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Flat 107.71-108.24

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.

Flat 107.71-108.24

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

Flat 107.71-108.24

Н1: a calm flat horizontal corridor within the Bollinger envelopes (107.71-108.24)

Flat 107.71-108.24

Expectations: flat within the range 107.71-118.25

Trading solutions: Wait or trade within this corridor.

Aleksey Panasenko
Analyst of «FreshForex» company
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