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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