A non-directional movement | 25 Juli 2016
25 Juli 2016, USD/JPY
Daily chart: the pair tends to dropping to the middle Bollinger band (103.73), whereas the upper band (107.64) also retains a magnetism
Н4: a flat non-directional corridor within the Bollinger envelopes (105.37-107.09)
Н1: a better shaped local support from the lower Bollinger band (105.89)
The main scenario - decline to 105.89 and then a rebound to 106.25
The alternative scenario - fall to 105.37
Solutions: ranges are small, so I suggest omitting the 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.
