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There is a local trend potential

25 September 2015, USD/JPY

The daily chart: the pair was heavily bought from the bottom Bollinger abnd (119.06) and, given anticipated activity of ADX, it may surge to the top line (121.43)

There is a local trend potential

Н4: flat range 119.60-120.63

There is a local trend potential

Н1: trend activity from ADX and we interpret this as a bullish argument. In the event of a break above 120.44, it will be possible to buy on a pullback down to zone of the middle Bollinger band (119.86).

There is a local trend potential

Expectations: break above 120.44 and growth to 121.43. Purchases from the area of ​​119.86.


1) Buying from 119.86 to 121.43

Aleksey Panasenko
Analyst of «FreshForex» company
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