Two corridors for Yen | 14 ديسمبر 2016

Daily chart: ADX is still strong but, in general, the pair is shifting towards downward reversal in direction of 112.86 (middle Bollinger band). However, consider possible touch in 116.65 when trading.

Н4: There is a horizontal flat within Bollinger envelopes (114.26-115.95). Weak ADX indicates that market is unable to go beyond these borders.

Н1: there is even more localized corridor 115.06-115.39. It's highly unlikely that these 30 pips would be able to hold against news release. However, indicators speak in favor of such scenario.

Expectations: we expect flat price fluctuations either inside big or little corridor. The first corridor is 115.06-115.39. The second corridor is 114.26-115.95.

Solutions: trades with the help of trailing limits and breakdown orders within the mentioned ranges.