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Flat 109.30 - 110.06

26 May 2016, USD/JPY

Daily chart: a continued flat inside the top Bollinger envelope (108.65-110.06), though we should treat descending pullbacks as corrections before a potential surge. Therefore, we do not consider sales.

Flat 109.30 - 110.06

Н4: a horizontal channel within the Bollinger envelopes (109.07-110.52)

Flat 109.30 - 110.06

Н1: the same non-directional trend. The range 109.30-110.06 without any signs of change in the situation.

Flat 109.30 - 110.06

Expectations: now we are waiting for the flat within the range 109.30-110.06. This purchase is preferable (on a Long signal)

Trading solutions: buy around 109.07-109.30 when we get Long signals. The goal is 110.06.

Aleksey Panasenko
FreshForex Analyst
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