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Yen. The range of 106.66-107.15

09 June 2016, USD/JPY

Daily chart: ADX activity increases, the Bollinger envelopes are expanded, so bears again have a positional advantage. Yen. The range of 106.66-107.15H4: local resistance is located at 107.81 (the upper Bollinger band). Support 106.47 (bottom band). Yen. The range of 106.66-107.15H1: the pair is more localized within the Bollinger envelope - 106.66-107.15. ADX is weak, so probably another day will be held in this relatively small corridor. Yen. The range of 106.66-107.15Expectations: flat in the range 106.66-107.15 Trading solutions: trade in flat 106.66-107.15. Sales seem to be more preferred.

Aleksey Panasenko
FreshForex Analyst
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