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Yen. Possible breakthrough of 109.28

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).

Yen. Possible breakthrough of 109.28H4: the resistance 109.28 here looks quite stable, so to look at the formation of short signals in this area.Yen. Possible breakthrough of 109.28

H1: the flat narrow range of 107.43-108.00. Within the flat, we are considering only the inputs up.Yen. Possible breakthrough of 109.28

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.

Aleksey Panasenko
Analyst of «FreshForex» company
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