Flat day | 05 April 2016
05 April 2016, USD/JPY
Daily chart: the price is accumulating trend bearish potential but so far ADX has not shown enough activity, so we expect a pullback to the middle Bollinger band (112.79) before the main phase of drop of the pair
Н4: a more localized resistance from the middle Bollinger band (112.04), support is at 111.14 (the bottom band).
Н1: flat horizontal range 111.14-111.73. ADX is passive, so we are based on such a scenario
Expectations: flat 111.14-111.73
Trading solutions: we are looking for sale opportunities around 111.73-112.04
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.
