Flat range | 23 مارس 2016
23 مارس 2016, USD/JPY
Daily chart: pair has come to the strongest resistance level 112.93 (middle Bollinger line) ADX is weak so pair is unlikely to rise. We are expecting down pullback and we can look for local short- signals on small charts of this zone.
Н4: it is the same situation. Chart is into flat. Local resistance is on 112.55 level (upper Bollinger line). Support is into 111.81 zone (middle line).
Н1: it is also flat frame. Range of upper envelope 112.19-112.70 is trading corridor on today.
Expectation:rising flat into range 112.19-112.70
Trading decisions: careful not " greedy " trade into flat.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
