Taking a rest | 17 July 2015
17 July 2015, USD/JPY
Daily chart: the price has preserved an ascending dynamics towards the upper Bollinger band (124.67)
.png "Taking a rest")
Н4: a better shaped resistance on the upper band (124.34) plus a correctional dynamics towards the middle (123.69) and the bottome ones (123.04)
.png "Taking a rest")
Н1: a narrow flat channel 123.94-124.17.
.png "Taking a rest")
Expectations: the pair may stay within a flat 123.96-124.17 or break the corridor to the bottom to 123.69 and probably to 123.04
Trading decisions:
1) Ranges are not sufficient, so we'd recommend to miss this 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.
