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Buy around 105.72

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
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