The daily corridor 104.03-104.75 | 14 Juli 2016
14 Juli 2016, USD/JPY
Daily chart: the pair is within the Bollinger envelopes (100.23-106.51). ADX shows correction, so movement can be multi-directional and ragged.
Н4: a well-shaped resistance is at 106.02 (the upper Bollinger band); support is at 102.92 (the middle band)
Н1: intraday the pair has settled in the local horizontal corridor 104.03-104.75.
Expectations: flat 104.03-104.75
Solutions: a cautious trading on both sides of the corridor 104.03-104.75
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.
