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A flat day

11 August 2016, USD/JPY

Daily chart: consolidation of the pair inside the bottom of the Bollinger envelope (99.78-103.75) and there are no signs of exit from this trend

Н4: a local horizontal corridor 100.86-102.81 (range of Bollinger envelopes)

Н1: even a better shaped and narrow flat range 101.05-101.49. Envelopes are stable, ADX is going through correction and weak.

Expectations: flat 101.05-101.49

Solutions: skip a trading day

Aleksey Panasenko
Analyst of «FreshForex» company
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