A flat day | 11 أغسطس 2016
11 أغسطس 2016, USD/JPY
Daily chart: consolidation of the pair inside the bottom of the Bollinger envelope (99.78-103.75) and there are no signs of exit from this trend
Н4: a local horizontal corridor 100.86-102.81 (range of Bollinger envelopes)
Н1: even a better shaped and narrow flat range 101.05-101.49. Envelopes are stable, ADX is going through correction and weak.
Expectations: flat 101.05-101.49
Solutions: skip a trading day
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.
