Buy around 105.72 | 20 July 2016

20 July 2016, USD/JPY

Daily chart: active trend ADX indicates readiness of the price to grow and break through the top envelope (resistance 107.07)

Buy around 105.72

Н4: here, as we see, to ADX is not ready for a break through, so the price may be traded within 105.04-106.49. But selling against the day pressure is not recommended.

Buy around 105.72

Н1: a better shaped flat corridor 105.72-106.49

Buy around 105.72

The main scenario - flat 105.72-106.49

The alternative scenario - surge to 107.50

Solutions: look for the upward entry points to 105.72

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .