Sales to 108.12 | 19 April 2016
19 April 2016, USD/JPY
Daily chart: Bears were unable to bring the pair to bottom Bollinger band and now touch of midline (110.70) looks realistic, from where the price can start a medium-term decline towards 107.02
Н4: the pair is in the bottom envelope (range 108.12-108.99). If the price hits the upper envelope, we will expect movement of the upper band (109.92).
Н1: a horizontal flat corridor within the Bollinger envelopes (107.69-108.99). Whereas ADX is passive, we expect a fall to the bottom wall of the corridor.
Expectations: drop from current levels towards 108.12 and possibly to 107.69
Trading solutions: sale to 108.12 and 107.69
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.
