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

Waiting for short signals around 106.10-106.51

15 July 2016, USD/JPY

The daily chart: ADX is turning up, so resistance 106.51 (the upper Bollinger band) may be under load, which in turn can lead to growth (in the medium run) for a few hundred points. This is just as probable as a downward rebound from 106.51 (blue arrow).

Waiting for short signals around 106.10-106.51

Н4: the first signs of divergence of the oscillator with resistance around 106.51 (the upper Bollinger band). Support is at 104.51 and

Waiting for short signals around 106.10-106.51

Н1: On the local level we also see a bearish divergence. The resistance is around 106.10-106.51

Waiting for short signals around 106.10-106.51

Expectations: touch of 106.10-106.51 followed by decline towards 104.51 and 103.41

Solutions: Sell from around 106.10-106.51 (after we get sell signals!)

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.