07 June 2016, USD/JPY
Daily chart: the pair is quite predictably went to a correction after breaking the lower Bollinger envelope, and now the question is: will the bulls be kept by resistance from the middle Bollinger band (109.28)? Because if it will not be, then we are likely to see a further increase to 111.34 (upper band).
H4: the resistance 109.28 here looks quite stable, so to look at the formation of short signals in this area.
H1: the flat narrow range of 107.43-108.00. Within the flat, we are considering only the inputs up.
Expectations: The main scenario - flat 107.43-108.00 Alternative scenario - the impulse to 109.28 Trading solutions: purchases from 107.48 to 108.00 and 109.28.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us