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A descending flat

01 August 2016, USD/JPY

Daily chart: a well-expressed downtrend in the direction of the bottom Bollinger band (100.23), where the price is expected to meet a very strong area of ​​demand in USD and a rebound will take place

A descending flat

Н4: also a downtrend. Resistance is at 104.23 (middle Bollinger band)

A descending flat

Н1: the local flat range 101.72-103.37

A descending flat

Expectations: flat in the corridor 101.72-103.37

Solutions: sales from 103.27 to 101.72 and 100.23 (extraday)

Aleksey Panasenko
Analyst of «FreshForex» company
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