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Look for the entry points into purchases again!

Look for the entry points into purchases again! | 21 July 2016

21 July 2016, USD/JPY

Daily chart: a very active trend ADX indicates bullish pressure and probably resistance at 107.64 (upper Bollinger band) will be broken anticipating the movement to the 110th figure

Look for the entry points into purchases again!

Н4: aggressive bullish ADX, so we should be looking for the upward entry points along the trend on a pullback to the middle Bollinger band (106.12)

Look for the entry points into purchases again!

Н1: another frame with the trend status of ADX. Today buyers have an unconditional advantage.

Look for the entry points into purchases again!

The main scenario - growth towards 110.00 (in the medium run)

The alternative scenario - a rollback to 106.47 and then start of growth to 110th figure

Trading solutions: purchase (the best possible solution - from around 106.47) to 110.00

Aleksey Panasenko
FreshForex Analyst
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