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Extensive Shadow

30 November 2016, USD/JPY

Daily chart: upper Bollinger band (115.48) is still current goal of bulls.

Extensive Shadow

Н4: the pair is locally within horizontal flat corridor 111.58-113.80 (Bollinger envelopes range). ADX is passive, so we might as well presume that the specified corridor will be maintained today.

Extensive Shadow

Н1: more localized flat corridor is 111.83-113.14. Here ADX potential is weak too. Key range of price rotation is middle Bollinger band (112.49)

Extensive Shadow

Expectations: wait for continuing flat within the corridor 111.83-113.14

Solutions: trades within 111.83-113.14

Aleksey Panasenko
Analyst of «FreshForex» company
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