Flat 109.30 - 110.06 | 26 Mei 2016
26 Mei 2016, USD/JPY
Daily chart: a continued flat inside the top Bollinger envelope (108.65-110.06), though we should treat descending pullbacks as corrections before a potential surge. Therefore, we do not consider sales.
Н4: a horizontal channel within the Bollinger envelopes (109.07-110.52)
Н1: the same non-directional trend. The range 109.30-110.06 without any signs of change in the situation.
Expectations: now we are waiting for the flat within the range 109.30-110.06. This purchase is preferable (on a Long signal)
Trading solutions: buy around 109.07-109.30 when we get Long signals. The goal is 110.06.
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.
