Flat | 15 سبتمبر 2016
15 سبتمبر 2016, USD/JPY
Daily chart: the pair continues to consolidate around the middle Bollinger band (102.40). Apparently, the pair totally depends on US dollar, which is "solving" its questions with euro
Н4: a flat horizontal corridor within the envelope Bollinger band (101.59 - 103.08). ADX is inactive. The price chart has an ascending nature (gradual increase of Lows and Highs)
Н1: at this local frame, the pair is clamped inside the Bollinger envelope (102.04 - 102.44). ADX is very weak, therefore, probably, today's range will be limited by these borders.
The main scenario - trading inside a relatively small horizontal band 102.04-102.44
The alternative scenario - decline to 101.59
Solutions: search for signals in both directions at the levels of 101.59 and 102.44
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.
