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Yen. Positional advantage of bulls

08 June 2016, USD/JPY

Daily chart: ADX is very close to the active zone, so the support 106.72 may be under stress. And the Bollinger envelopes are stable, that may indicate the potential demand for the dollar in the zone of 106.72. Yen. Positional advantage of bullsH4: trend figures are at ADX. If bulls cope with the middle Bollinger band (107.49), we will see growth by 100 points to the upper band. Yen. Positional advantage of bullsH1: a wide range within the Bollinger envelopes (106.72-107.79). ADX is corrected.Yen. Positional advantage of bullsExpectations: The main scenario: a wide flat 106.72-107.79 The alternative scenario: growth to 108.55. Trading solutions: buy in the zone 106.72 (if it will be) to 107.79 and 108.55.

Aleksey Panasenko
Analyst of «FreshForex» company
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