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Purchases from 120.58

29 October 2015, USD/JPY

The daily chart: ADX has not reached trend value, so the expected breakthrough up can be delayed in time. Also, a further rollback to the middle Bollinger band (120.12) becomes possible

Purchases from 120.58

Н4:strong resistance in the zone of 121.43, but the last bar seems to be categorical.

Н1: breakout of the upper Bollinger envelope. The price is corrected to the area of the middle band (120.58)

Purchases from 120.58

Expectations:a pullback to 120.58, and start up to 121.43

Trading solutions:

1) Purchases from 120.58 to 121.43

Aleksey Panasenko
Analyst of «FreshForex» company
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