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Growth to 107.02

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.

Growth to 107.02

Н4: a better shaped resistance is at 107.02 (plus the upper Bollinger band round level). Support is at 104.15 (lower band)

Growth to 107.02

Н1: a local bullish trend charge remains, so we're waiting for the finalization of 107.02

Growth to 107.02

Expectations: rise to 107.02 and then a downward bounce

Solutions:

1. Buy to 107.02

2. Sales from 107.02

Aleksey Panasenko
FreshForex Analyst
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