Growth to 107.02 | 27 July 2016
27 July 2016, USD/JPY
Daily chart: the pair chose a local bullish scenario, having bounced off the middle band (103.97) in the direction of 107.79 (upper band). ADX is weak, so a multi-directional movement may take place.
Н4: a better shaped resistance is at 107.02 (plus the upper Bollinger band round level). Support is at 104.15 (lower band)
Н1: a local bullish trend charge remains, so we're waiting for the finalization of 107.02
Expectations: rise to 107.02 and then a downward bounce
Solutions:
1. Buy to 107.02
2. Sales from 107.02
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
