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A non-directional movement

25 July 2016, USD/JPY

Daily chart: the pair tends to dropping to ​​the middle Bollinger band (103.73), whereas the upper band (107.64) also retains a magnetism

A non-directional movement

Н4: a flat non-directional corridor within the Bollinger envelopes (105.37-107.09)

A non-directional movement

Н1: a better shaped local support from the lower Bollinger band (105.89)

A non-directional movement

The main scenario - decline to 105.89 and then a rebound to 106.25

The alternative scenario - fall to 105.37

Solutions: ranges are small, so I suggest omitting the day.

Aleksey Panasenko
Analyst of «FreshForex» company
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