The flat day | 14 August 2015
14 August 2015, USD/JPY
Daily chart: the pair entered the flat corridor 123.36-125.00, and we can’t ignore the northern direction of the pressing.
.png "The flat day")
Н4: the local tend to the decline till 123.90 (the bottom Bollinger band)
.png "The flat day")
Н1: very narrow corridor 124.33-124.49. It is not clear how the pair will stay in such narrow corridor but the ADX state shows it.
.png "The flat day")
Expectations: either we will see the narrow flat 124.33-124.49, or the pair will go down to 123.90.
Trading solutions:
1) Miss this day till tomorrow or monitor for the probable signal to buy from 123.90.
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.
