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Yen

Yen | 04 July 2016

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)

Yen

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

Yen

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

Yen

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
FreshForex Analyst
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