manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Flat

15 September 2016, USD/JPY

Daily chart: the pair continues to consolidate around the middle Bollinger band (102.40). Apparently, the pair totally depends on US dollar, which is "solving" its questions with euro

Flat

Н4: a flat horizontal corridor within the envelope Bollinger band (101.59 - 103.08). ADX is inactive. The price chart has an ascending nature (gradual increase of Lows and Highs)

Flat

Н1: at this local frame, the pair is clamped inside the Bollinger envelope (102.04 - 102.44). ADX is very weak, therefore, probably, today's range will be limited by these borders.

Flat

The main scenario - trading inside a relatively small horizontal band 102.04-102.44

The alternative scenario - decline to 101.59

Solutions: search for signals in both directions at the levels of 101.59 and 102.44

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .