Decline to 100.04 and followed by an upward rollback | 26 أغسطس 2016
26 أغسطس 2016, USD/JPY
Daily chart: the pair retains southern orientation towards 99.00 (bottom Bollinger Band). At the same time, bears have no potential for a deeper breakthrough, cause ADX is turned down and is going through correction. It can also talk about continuation of flat at the current levels.
Н4: calm flat 100.04-100.67 (inside Bollinger envelopes)
Н1: local aggression towards 100.04. Intermediate support is at 100.34 (bottom Bollinger band), but it seems to be under load - ADX is in the active phase.
Expectations: fall to 100.04 and an upward bounce
Solutions: 1. Sell to 100.04
2. Buy from 100.04
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.
