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04 July 2016, USD/JPY

Daily chart: the pair tends to finalize the lower band (101.03), where it can face demand in usd and the upward rebound in the direction of the middle Bollinger band (104.92)


Н4: a very narrow corridor within Bollinger envelopes(102.20-103.06)


Н1: a little better shaped support 102.38 (lower Bollinger band). Resistance is at 102.61 (middle band)


Expectations: so, we expect the flat character of movement with support between ​​102.20-102.38 and resistance 102.61

Solutions: Is it worth buying on a possible 40 points' surge from 102.20 - it's up to you to decide. But classic canons of conservative trading recommend us skipping this day

Aleksey Panasenko
Analyst of «FreshForex» company
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