Declining Flat | 06 أبريل 2017
06 أبريل 2017, USD/JPY
Daily chart: the pair is still trading within lower Bollinger envelope (109.29-112.36) declining slightly.
Н4: much more narrow flat of 110.21-111.87 (Bollinger envelopes range). ADX parameters are changing, so it is not clear if downside breakout is likely to happen. However, momentum indicates that market is bearish.
Н1: a valid trading range is 110.40-111.37. 100 pips are quite enough for trading. However, we would not recommend entering long while the price shifts rapidly as during the recent hours.
Expectations: flat within 110.40-111.37
Trading signals: consider trading within 110.40-111.37.
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.
