A descending flat | 01 أغسطس 2016
01 أغسطس 2016, USD/JPY
Daily chart: a well-expressed downtrend in the direction of the bottom Bollinger band (100.23), where the price is expected to meet a very strong area of demand in USD and a rebound will take place
Н4: also a downtrend. Resistance is at 104.23 (middle Bollinger band)
Н1: the local flat range 101.72-103.37
Expectations: flat in the corridor 101.72-103.37
Solutions: sales from 103.27 to 101.72 and 100.23 (extraday)
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.
