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Yen. Relax in the shade of sakura

24 October 2016, USD/JPY

Daily chart: most likely we will see continuation of the trend of the accumulation potential in the current range, as evidenced by the ADX corrected, But in General it is necessary to proceed from the North training in the direction of the upper Bollinger band (105.46).

241016y1

H4: the local side flat band within the range of the envelopes (103.29-104.19). ADX is passive, the envelopes are stable, indicating that a small probability of exceeding the specified limits.

241016y2

H1: there is a more localized support of 103.60 (the lower Bollinger band), resistance - 103.88 (middle Bollinger band).

241016y3

Expectations: flat 103.60-103.88.

Trading solutions: to skip a day, it makes no sense to risk the 20-point stop for 30 pips profit.

Aleksey Panasenko
Analyst of «FreshForex» company
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