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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
FreshForex Analyst
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