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Purchases from 124.07

05 August 2015, USD/JPY

Daily chart: the pair continues to grow in the direction of the upper Bollinger band (125.36), but given the lack of parameters ADX, this growth is not likely to be impulsive, and will be followed by setbacks.

Purchases from 124.07 124.07

Н4: a tough resistance at 124.38 (the upper Bollinger band) and weak ADX. It allows us to expecta rollback to 123.73.

Purchases from 124.07124.07

Н1: trending pressure from ADX, therefore, is lower than on the middle Bollinger band (124.07) do not wait for the pair here.

Purchases from 124.07 124.07

Expectations: So, in general, the pair is rising to 125.36, but we can hope for a pullback to 124.07, where you can buy.

Trading solutions:

1) Purchases from 124.07 to 125.36 (extraday).

Aleksey Panasenko
FreshForex Analyst
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