manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Goal of correction - 107.58

22 June 2016, USD/JPY

Daily chart: the pair at full speed is rushing toward the middle Bollinger band (107.58) within the frames of upward correction

Н4: here we have attack of the top envelope and aggressive rising ADX. A key indicator of the trend value has not been reached, so a rollback to the middle band (104.36) is likely.

Н1: within this frame we have already obtained bullish trend ADX parameters, therefore, nothing but the growth. The potential can be 100 points or more.

Expectations: so, the pair is preparing to continue a north leap towards 107.58. The goal is unlikely to be reached within a day, so conservative traders are recommended to settle their profit around ​​106.00

Solutions: Buy to 107.58

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

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

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .