Yen. Flat accumulates some potential
01 November 2016, USD/JPY
Daily chart: Bollinger bands are continue to narrow, ADX is growthing and that’s a signal for buyers. Current range is located between 104.00 and 105.39 levels.
H4: there is a more localized corridor of 104.24-105.39. ADX is weak and the adjustment, so waiting for further build capacity in this range.
H1:and note even more localized corridor within the Bollinger envelope - 104.70-105.13.
Expectations:So, we looking forward to the continuation of the flat in 104.70-105.13 corridor.
Trading solutions: there are two strong support levels at this chart, so look for buy signals near these support levels.
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us