We shall omit this day | 13 Mei 2016
13 Mei 2016, USD/JPY
Daily chart: the pair continues to cicrulate around the middle Bollinger band (108.73). ADX is weak, so, probably, the outcome will happen next week.
Н4: the pair is clamped within the range of Bollinger envelopes (108.28-109.37). ADX is weak, it shows correction, so it is unlikely that the corridor will be broken today
Н1: surprise! Bearish pressure from ADX. Let's see how true this signal would be whereas general reversal symptoms are here (double top, divergence of oscillator). Support is at 108.59 and 108.28.
Expectations: fall to 108.28 and then rebound to 108.96
Trading solutions: omit this trading day.
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.
