18 April 2016, USD/JPY
Daily chart: the pair has reached a well-shaped flat horizontal corridor within the Bollinger envelopes (1.4015-1.4436) and passive ADX. Obviously, we can expect a rotation around the middle Bollinger band (1.4220) rather than "wall-to-wall" trading
Н4: a more localized flat range 1.4104-1.4272). Here we are confused with enhanced activity of ADX, that can create a strain on the support 1.4104.
Н1: also active ADX, we waiting for a breakthrough of the bottom envelope (1.4145) and then towards 1.4104.
Expectations: decline towards 1.4104 and possibly lower.
Trading solutions: sales to 1.4104. On weakening of the bears around 1.4104 and on Buy signal - we can try to avail from the upward movement to 1.4220
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us