Goal of correction - 107.58 | 22 June 2016
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
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
