The price continues to accumulate potential | 08 October 2015
08 October 2015, USD/JPY
The daily chart: the pair continues to consolidate before the impulse. Based on the ADX/RSI figures, impulse is unlikely to happen today. Range of trading is painted by the yellow zone (Bollinger envelopes, 119.65-120.77
.png "The price continues to accumulate potential")
Н4: local support at the lower Bollinger band (119.54)
.png "The price continues to accumulate potential")
Н1: the pair is the resistance from the middle Bollinger band (120.02), so it may continue to drop to 119.65-119.80
.png "The price continues to accumulate potential")
Expectations: flat in the range 119.65-120.02
solutions: No trading in that the flat (or buy from below based on the northern distribution)
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.
