Forex Technical Analysis: Trend potential – 113.08-113.85 range

USDJPY – DownDaily chart: the pair entered flat corridor of 111.73-114.84 (Bollinger bands range). ADX is weak yet, so the pair may rotate around middle Bollinger band (113.08) Н4: Bollinger envelopes are stable within more localized flat corridor of 112.71-113.83. We also have weak and corrective ADX, so we can consider that specified borders are stable. Н1: even more localized corridor of 113.35-113.76 with some bearish movement potential towards 113.08, where we may see entry to bullish Over&Under pattern. Expectations: Core scenario – flat at 113.35-113.76 Alternative scenario – drop to 113.08 followed by rebound. Solutions: trading inside the corridor of 113.08-113.75
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Forex Technical Analysis: Trend potential – Continuing flat in 1.2407-1.2530 range

GBPUSD – FlatDaily chart: the pair is still in flat corridor within Bollinger envelopes (1.2400-1.2619). Bollinger bands are narrowing down, which can indicate preparing distribution of accumulated volumes. Н4: more localized flat corridor of 1.2400-1.2530. ADX is passive, so there is no trend potential and this corridor is likely to retain during the day. Н1: there is valid resistance level around 1.2530 (upper Bollinger band). Support levels are around 1.2468 and 1.2407 (middle and lower Bollinger bands). Expectations: touch of 1.2530 followed by drop to 1.2468 and 1.2407 region Solutions: consider selling from 1.2530 towards 1.2468 and 1.2407
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
https://freshforex.com/analitics/fresh-forecast/potencial/issue_85061.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063

Cet article Forex Technical Analysis: Trend potential – Continuing flat in 1.2407-1.2530 range est apparu en premier sur Forex Nouvelles et Analyses.

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