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Yen. 200 upward pips on correction

06 June 2016, USD/JPY

Daily chart: it is active phase of breakthrough bottom Bollinger Envelope with rising ADX presser. In this situation it is big possibility of tern to middle line (109.20), where most perspective medium-term down exits locate.

 Yen. 200 upward pips on correction.

Н4: high oversold but bearish impulse has potential.

 Yen. 200 upward pips on correction.

Н1: mark potential bottom it is 106.01 (bottom Bollinger Band and round level). Resistance is on 108.06 (middle Bollinger Band).

 Yen. 200 upward pips on correction.

Expectation: decrease to 106.01 and bounce up to 108.06

Trading decisions: buy from 106.01 to 108.06.

Aleksey Panasenko
Analyst of «FreshForex» company
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