Two digits before the decimal point - is real.

28 June 2016, USD/JPY

Daily chart: the downward potential of the pair is exhausted - Bollinger envelopes continued to fall. At the same time, the pair has a space for correction (up to the middle band 106.12)

Н4: a more precise and localized trading range - resistance is at 103.10 (middle Bollinger band), support is at 99.90 (lower band).

Н1: a completely passive movement within the frame - 101.44-102.19.

The main scenario - flat 101.44-102.19

The alternative scenario - decline to 99.90 (possibly, after touch of 103.10)

Trading solutions: So, we're looking to the selling options to 99.90. The areas for possible sales (where to search for Sell signals) - 102.19 and 103.10.

Aleksey Panasenko
FreshForex Analyst
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