Forex Technical Analysis: Trend potential – Extensive Shadow

USDJPY – DownDaily chart: upper Bollinger band (115.48) is still current goal of bulls. Н4: the pair is locally within horizontal flat corridor 111.58-113.80 (Bollinger envelopes range). ADX is passive, so we might as well presume that the specified corridor will be maintained today. Н1: more localized flat corridor is 111.83-113.14. Here ADX potential is weak too. Key range of price rotation is middle Bollinger band (112.49) Expectations: wait for continuing flat within the corridor 111.83-113.14 Solutions: trades within 111.83-113.14
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