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Sales again

21 June 2016, USD/JPY

Daily chart: Bears still exert an aggressive pressure, as evidenced by trend ADX, which is probably enough to get the pair to new Lows

Н4: pressure from ADX is here as well, therefore support 103.38 will be under exposure.

Н1: another frame, where we see the trend interest of ADX, resistance from the middle Bollinger band (104.44) can be tested, but no purchases are considered

Expectations: The main scenario - decline to 103.00 and below

The alternative - a pullback to 104.44 and then fall to 103.00

Solutions: sales to 103.00 and below.

Aleksey Panasenko
Analyst of «FreshForex» company
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