Taking a rest

July 17, 2015

USD/JPY

Daily chart: the price has preserved an ascending dynamics towards the upper Bollinger band (124.67)

Í4: 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)

Í1: a narrow flat channel 123.94-124.17.

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.

Publication source
FreshForex information  FreshForex reviews

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